Whiting Petroleum Corporation (WLL)
Whiting Petroleum Corporation Tangible Common Equity Ratio: 50.25%
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WLL Tangible Common Equity Ratio Rankings
| Overall | 36th percentile | 2791 of 4388 |
| Sector | 46th percentile | 272 of 508 in Basic Materials |
| Industry | 48th percentile | 33 of 64 in Oil & Gas Drilling & Exploration |
WLL Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 43.18% | Jun 2008 |
| Maximum | 58.96% | Jun 2010 |
| Average | 51.75% |
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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WLL News
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about 11 days ago by stocktherapy
May 21, 9:00AM Business Wire
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about 36 days ago by covestor
about 36 days ago by mytfine
Apr 25, 4:05PM Business Wire
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Apr 12, 7:36AM Street Insider
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WLL | 43.21 | -0.78 | -1.77% | 5.076B |
| 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 |
