Trinity Industries (TRN)
Trinity Industries Tangible Common Equity Ratio: 30.12%
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TRN Tangible Common Equity Ratio Rankings
| Overall | 56th percentile | 1902 of 4388 |
| Sector | 53rd percentile | 394 of 856 in Services |
| Industry | 66th percentile | 5 of 15 in Railroads |
TRN Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 29.22% | Dec 2011 |
| Maximum | 36.47% | Jun 2009 |
| Average | 32.17% |
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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TRN News
about 11 days ago by woowtrading
about 15 days ago by TradeIdeasQuant
about 32 days ago by DynamicDividend
Apr 30, 2:52PM Street Insider
Apr 25, 4:31PM Street Insider
about 78 days ago by chartsmarter
about 84 days ago by traderstewie
Mar 08, 4:23PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TRN | 23.72 | -0.98 | -3.97% | 1.981B |
| TRMD | 0.3373 | +0.05 | +18.77% | 24.56M |
| TRMB | 45.59 | -1.57 | -3.34% | 5.883B |
| TRLG | 28.49 | -0.84 | -2.86% | 747.33M |
| TOF | 1.68 | +0.12 | +7.69% | 8.702M |
| TNS | 17.60 | -0.28 | -1.57% | 463.27M |
| TNP | 5.09 | -0.26 | -4.86% | 246.90M |
| TNK | 4.03 | -0.04 | -0.98% | 262.03M |
| TM | 75.03 | -1.86 | -2.42% | 120.55B |
| TLT | 129.55 | +1.95 | +1.53% |
