Wabtec Corporate (WAB)
Wabtec Corporate Tangible Common Equity Ratio: 20.12%
View WAB Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
WAB Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1509 of 4388 |
| Sector | 64th percentile | 308 of 856 in Services |
| Industry | 86th percentile | 2 of 15 in Railroads |
WAB Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 9.42% | Dec 2008 |
| Maximum | 39.88% | Jun 2008 |
| Average | 21.32% |
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.
Learn More
You may also be interested in these WAB related companies
WAB News
May 24, 9:04AM PR Newswire
about 15 days ago by RecogniaEvents
about 16 days ago by DynamicDividend
about 16 days ago by ldrogen
May 16, 4:08PM PR Newswire
May 15, 12:57PM Fool
about 31 days ago by hertcapital
about 37 days ago by TrendExhaustion
Apr 25, 7:31AM Street Insider
Apr 24, 2:30PM Seeking Alpha
about 38 days ago by earningscast
Apr 24, 8:04AM PR Newswire
about 45 days ago by billgunderson
about 46 days ago by chartly
about 46 days ago by hertcapital
about 49 days ago by MarketBrief
about 50 days ago by 1973Hog
about 50 days ago by sld1986
Apr 12, 8:07AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WAB | 71.02 | -1.59 | -2.19% | 3.487B |
| VZ | 41.15 | -0.49 | -1.18% | 118.07B |
| VYFC | 7.80 | +0.04 | +0.52% | 36.97M |
| VXUS | 38.98 | -0.88 | -2.21% | |
| VXF | 53.43 | -1.27 | -2.32% | |
| VVUS | 23.76 | -1.03 | -4.15% | 2.429B |
| VVTV | 1.69 | -0.05 | -2.87% | 84.48M |
| VVR | 4.65 | +0.02 | +0.43% | |
| VVI | 17.37 | -0.34 | -1.92% | 356.86M |
| VVC | 28.79 | -0.53 | -1.81% | 2.404B |
