Houston Wire & Cable Company (HWCC)
Houston Wire & Cable Company Tangible Common Equity Ratio: 39.62%
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HWCC Tangible Common Equity Ratio Rankings
| Overall | 46th percentile | 2347 of 4385 |
| Sector | 44th percentile | 474 of 853 in Services |
| Industry | 58th percentile | 5 of 12 in Industrial Equipment Wholesale |
HWCC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 30.07% | Sep 2010 |
| Maximum | 75.02% | Jun 2007 |
| Average | 49.49% |
About Tangible Common Equity Ratio
The tangible common equity (TCE) ratio is a useful number to gauge leverage of a financial firm. Specifically, it answers the question: "How much can the value of a bank's assets fall before the entire value of tangible* common equity is wiped out?"
For example, assume a bank as a TCE ratio of 5%. If the value of all of the banks assets fell by 5%, theoretically stockholders would no longer have a claim on the bank's tangible assets.
Another way of thinking about the TCE ratio of 5% is that the remaining 95% of the bank's tangible assets have been purchased using loaned funds that the bank must repay.
This ratio is worth spending time with. Once investors understand its implications, they rarely look at banking businesses the same way.
* The word tangible, in accounting, essentially means anything that can be touched or traded. Cash, buildings, accounts receivable, inventories and stock holdings of a business are all tangible assets. Trade secrets, patents, copyrights, and goodwill are not tangible assets, even though they may have value.
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HWCC News
about 20 days ago by earningscast
May 10, 8:52AM Marketwire
May 09, 5:58PM Street Insider
May 09, 3:32PM Street Insider
May 07, 2:00PM Marketwire
May 03, 9:00AM GlobeNewswire
Apr 03, 9:42AM Marketwire
about 62 days ago by MarketBrief
about 76 days ago by earningscast
about 76 days ago by Benzinga
Mar 15, 8:55AM Marketwire
Mar 08, 9:00AM GlobeNewswire
Feb 13, 6:23AM Street Insider
Dec 22, 4:33PM Street Insider
Nov 10, 10:07AM Marketwire
about 391 days ago by DynamicDividend
about 442 days ago by DynamicDividend
about 785 days ago by beyulee
about 865 days ago by fallond_markets
about 1087 days ago by ToroGreen
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| HWCC | 11.25 | +0.16 | +1.44% | 197.62M |
| HWBK | 9.13 | +0.00 | +0.00% | 42.45M |
| HWAY | 6.71 | +0.08 | +1.21% | 221.38M |
| HW | 4.61 | +0.42 | +10.02% | 255.72M |
| HVTA | 12.05 | +0.14 | +1.18% | |
| HVT | 12.03 | +0.01 | +0.08% | 263.84M |
| HPQ | 22.80 | +0.47 | +2.10% | 44.15B |
| HPP | 16.20 | +0.15 | +0.93% | 545.70M |
| HPOL | 1.13 | -0.01 | -0.88% | 63.75M |
| HPJ | 0.98 | +0.00 | +0.00% | 13.31M |