Waters Corporation (WAT)
Waters Corporation Tangible Common Equity Ratio: 33.25%
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WAT Tangible Common Equity Ratio Rankings
| Overall | 53rd percentile | 2044 of 4388 |
| Sector | 64th percentile | 181 of 506 in Healthcare |
| Industry | 71st percentile | 21 of 74 in Medical Appliances & Equipment |
WAT Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -1.72% | Jun 2007 |
| Maximum | 35.36% | Jun 2011 |
| Average | 21.34% |
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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WAT News
May 21, 3:34PM PR Newswire
about 11 days ago by stubbybrown
May 17, 9:32AM Street Insider
May 10, 7:00AM Business Wire
May 07, 7:00AM Business Wire
May 04, 7:00AM Business Wire
Apr 25, 10:21AM Street Insider
about 37 days ago by TradeIdeasQuant
about 37 days ago by 1nvestor
about 38 days ago by earningscast
about 39 days ago by Attitrade
Apr 17, 3:00AM PR Newswire
Mar 30, 12:01PM PR Newswire
about 63 days ago by MarketBrief
about 80 days ago by howardlindzon
about 104 days ago by 1nvestor
about 105 days ago by TheFuturesRoom
about 105 days ago by TheEquitiesRoom
about 115 days ago by tradewithpete
about 120 days ago by MarketBrief
about 124 days ago by InvestProfits
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WAT | 79.78 | -1.02 | -1.26% | 7.105B |
| VSH | 10.62 | -0.09 | -0.84% | 1.670B |
| VSEC | 24.55 | +0.68 | +2.85% | 128.89M |
| VSCP | 1.01 | -0.03 | -2.88% | 29.66M |
| VSBN | 10.55 | +0.00 | +0.00% | 18.88M |
| VSAT | 42.02 | +0.38 | +0.91% | 1.800B |
| VRX | 48.66 | +0.74 | +1.54% | 14.92B |
| VRTX | 60.04 | -0.14 | -0.23% | 12.63B |
| VRTS | 70.88 | +0.51 | +0.72% | 545.78M |
| VRTB | 1.260 | -0.00 | -0.01% | 16.56M |
