Wisconsin Energy Corporation (WEC)
Wisconsin Energy Corporation Tangible Common Equity Ratio: 26.98%
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WEC Tangible Common Equity Ratio Rankings
| Overall | 59th percentile | 1755 of 4387 |
| Sector | 56th percentile | 51 of 117 in Utilities |
| Industry | 49th percentile | 27 of 53 in Electric Utilities |
WEC Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 22.90% | Sep 2007 |
| Maximum | 27.75% | Jun 2011 |
| Average | 25.50% |
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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WEC News
about a day ago by MarketBrief
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May 31, 4:32PM Fox Business
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about 31 days ago by MarketBrief
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about 32 days ago by charlesrotblut
Apr 24, 1:00PM PR Newswire
about 41 days ago by TraderFoxxx
about 46 days ago by ajb_2010
about 68 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WEC | 37.79 | -0.05 | -0.13% | 8.709B |
| WEBM | 0.5605 | -0.09 | -13.77% | 23.31M |
| WDR | 27.14 | -1.57 | -5.47% | 2.323B |
| WMAR | 10.27 | -0.15 | -1.44% | 235.90M |
| WM | 32.16 | -0.28 | -0.86% | 14.84B |
| WLT | 47.58 | -0.87 | -1.80% | 2.972B |
| WLP | 66.36 | -1.03 | -1.53% | 22.21B |
| ZBB | 0.39 | -0.02 | -4.88% | 16.01M |
| ZAGG | 10.42 | -0.19 | -1.79% | 313.02M |
| ZA | 3.370 | -0.03 | -0.89% | 93.28M |
