Warwick Valley Telephone Company (WWVY)
Warwick Valley Telephone Company Tangible Common Equity Ratio: 19.73%
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WWVY Tangible Common Equity Ratio Rankings
| Overall | 65th percentile | 1496 of 4387 |
| Sector | 77th percentile | 186 of 814 in Technology |
| Industry | 36th percentile | 12 of 19 in Telecom Services - Domestic |
WWVY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 19.73% | Dec 2011 |
| Maximum | 69.63% | Mar 2011 |
| Average | 60.26% |
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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WWVY News
May 07, 9:00AM Marketwire
about 60 days ago by MarketBrief
about 61 days ago by MarketBrief
about 62 days ago by MarketBrief
about 65 days ago by MarketBrief
about 66 days ago by MarketBrief
about 67 days ago by MarketBrief
Mar 27, 9:00AM Marketwire
about 68 days ago by MarketBrief
about 69 days ago by MarketBrief
about 71 days ago by MarketBrief
Feb 28, 2:30PM Marketwire
Feb 21, 1:12PM Street Insider
Feb 16, 9:00AM Marketwire
Jan 24, 12:07PM Wall Street Transcript
Jan 24, 9:00AM Marketwire
Jan 17, 9:00AM Marketwire
Jan 06, 9:58AM Marketwire
Nov 03, 9:38AM Wall St. Cheat Sheet
about 362 days ago by micstockwell
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WWVY | 13.16 | -0.04 | -0.30% | 75.80M |
| WWIN | 3.71 | +0.01 | +0.27% | 90.41M |
| WWE | 7.64 | -0.24 | -3.05% | 569.03M |
| WST | 47.39 | -0.41 | -0.86% | 1.601B |
| WSR | 12.58 | -0.22 | -1.72% | 127.81M |
| WSM | 34.15 | -0.76 | -2.18% | 3.401B |
| WSH | 34.74 | -0.53 | -1.50% | 6.047B |
| WSFS | 35.98 | -1.20 | -3.23% | 313.03M |
| WSBC | 19.89 | -0.44 | -2.16% | 529.67M |
| WPC | 44.80 | -0.77 | -1.69% | 1.780B |
