Westlake Chemical Corporation (WLK)
Westlake Chemical Corporation Tangible Common Equity Ratio: 55.95%
View WLK 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
WLK Tangible Common Equity Ratio Rankings
| Overall | 30th percentile | 3044 of 4388 |
| Sector | 39th percentile | 308 of 508 in Basic Materials |
| Industry | 16th percentile | 44 of 53 in Specialty Chemicals |
WLK Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 49.68% | Jun 2008 |
| Maximum | 56.60% | Jun 2007 |
| Average | 53.08% |
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 WLK related companies
WLK News
about 15 hours ago by MarketBrief
about 15 hours ago by MarketBrief
about 15 hours ago by MarketBrief
about 3 days ago by MarketBrief
May 24, 6:12AM Street Insider
about 12 days ago by bradloncar
about 14 days ago by EPS_MomentuM
about 14 days ago by EPS_MomentuM
about 16 days ago by TheEquitiesRoom
about 27 days ago by abubnic
May 04, 4:11PM Street Insider
about 28 days ago by TripleDTrader
about 28 days ago by Street_Insider
May 04, 4:05PM Street Insider
May 04, 3:28PM Street Insider
May 01, 2:20PM Seeking Alpha
May 01, 8:00AM Business Wire
about 35 days ago by sunshinetrader
about 35 days ago by RecogniaEvents
about 44 days ago by FinanceTrends
about 77 days ago by StockSage1
about 80 days ago by StockTiger
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WLK | 54.49 | -0.72 | -1.30% | 3.629B |
| WLFC | 12.74 | +0.00 | +0.00% | 116.70M |
| WLDN | 1.82 | -0.08 | -4.21% | 13.23M |
| WLB | 7.48 | +0.19 | +2.61% | 103.82M |
| WIW | 12.98 | +0.01 | +0.08% | |
| WIT | 8.60 | -0.04 | -0.46% | 21.12B |
| WBSN | 18.58 | +0.08 | +0.43% | 700.28M |
| WBS | 20.27 | +0.39 | +1.96% | 1.775B |
| WBMD | 23.03 | +0.58 | +2.58% | 1.310B |
| WBK | 98.71 | +0.26 | +0.26% | 59.82B |
