UTi Worldwide (UTIW)
UTi Worldwide Tangible Common Equity Ratio: 24.24%
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UTIW Tangible Common Equity Ratio Rankings
| Overall | 62nd percentile | 1635 of 4390 |
| Sector | 60th percentile | 342 of 855 in Services |
| Industry | 58th percentile | 5 of 12 in Air Delivery & Freight Services |
UTIW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 10.73% | Jan 2008 |
| Maximum | 24.24% | Jan 2012 |
| Average | 19.85% |
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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UTIW News
May 24, 8:00AM GlobeNewswire
about 21 days ago by MarketBrief
about 49 days ago by RecogniaEvents
about 71 days ago by earningscast
about 71 days ago by Benzinga
Mar 08, 8:00AM GlobeNewswire
Dec 02, 9:08AM Benzinga
about 183 days ago by earningscast
about 183 days ago by Benzinga
about 200 days ago by 1nvestor
about 274 days ago by Benzinga
about 320 days ago by Rossco1
about 320 days ago by Rossco1
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UTIW | 15.64 | -0.02 | -0.13% | 1.608B |
| UTI | 12.19 | +0.14 | +1.16% | 301.21M |
| UTHR | 44.24 | -0.48 | -1.07% | 2.373B |
| UNL | 16.31 | +0.09 | +0.55% | |
| UNIS | 4.17 | +0.17 | +4.25% | 308.00M |
| UNH | 55.77 | -0.40 | -0.71% | 58.28B |
| UNG | 16.79 | -0.12 | -0.71% | |
| UNFI | 50.70 | -0.11 | -0.22% | 2.472B |
| UNF | 57.22 | -0.05 | -0.09% | 1.138B |
| UNB | 18.78 | -0.35 | -1.83% | 83.76M |
