Wausau Paper (WPP)
Wausau Paper Tangible Common Equity Ratio: 31.43%
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WPP Tangible Common Equity Ratio Rankings
| Overall | 55th percentile | 1969 of 4388 |
| Sector | 57th percentile | 161 of 379 in Consumer Goods |
| Industry | 47th percentile | 9 of 17 in Paper & Paper Products |
WPP Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.55% | Mar 2009 |
| Maximum | 38.32% | Dec 2010 |
| Average | 34.57% |
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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WPP News
Apr 30, 5:00PM Business Wire
about 35 days ago by Random_Walk
about 78 days ago by MarketBrief
Feb 13, 9:03AM Street Insider
Feb 13, 9:03AM Street Insider
about 114 days ago by chessNwine
about 115 days ago by chessNwine
Jan 31, 5:04PM Business Wire
about 163 days ago by millard
about 309 days ago by DynamicDividend
about 546 days ago by baronkurtz
about 580 days ago by daveford88
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WPP | 9.03 | -0.18 | -1.95% | 454.05M |
| WPO | 350.80 | +1.98 | +0.57% | 2.658B |
| WIT | 8.49 | -0.11 | -1.28% | 21.12B |
| WIRE | 24.84 | -0.17 | -0.68% | 585.98M |
| WIP | 58.13 | -0.02 | -0.03% | |
| WINA | 49.80 | -1.37 | -2.68% | 259.94M |
| WIN | 9.37 | +0.01 | +0.11% | 5.489B |
| WILN | 4.86 | -0.03 | -0.61% | 593.60M |
| WILC | 4.50 | -0.12 | -2.60% | 61.06M |
| WFSL | 16.41 | -0.08 | -0.49% | 1.764B |
