Wellpoint (WLP)
Wellpoint Tangible Common Equity Ratio: 5.82%
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WLP Tangible Common Equity Ratio Rankings
| Overall | 81st percentile | 793 of 4387 |
| Sector | 79th percentile | 102 of 506 in Healthcare |
| Industry | 71st percentile | 4 of 14 in Health Care Plans |
WLP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -4.83% | Jun 2008 |
| Maximum | 10.91% | Dec 2009 |
| Average | 4.24% |
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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WLP News
May 24, 9:00AM Business Wire
about 10 days ago by Marvic
May 17, 4:34PM Fox Business
about 16 days ago by Marvic
May 11, 5:00AM Business Wire
about 38 days ago by tiger_cat
about 38 days ago by eWhispers
about 38 days ago by TMXmoney
about 44 days ago by Sirtuan
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| 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 |
| Z | 36.65 | -2.53 | -6.46% | 724.57M |
| YZC | 16.06 | -0.60 | -3.60% | 12.07B |
| YUM | 64.70 | -5.66 | -8.04% | 29.79B |
| YTEC | 3.44 | -0.02 | -0.58% | 63.85M |
| YRCWD | 5.89 | -0.16 | -2.64% | |
| YRCW | 5.89 | -0.16 | -2.64% | 45.12M |
