WidePoint Corporation (WYY)
WidePoint Corporation Tangible Common Equity Ratio: -4.12%
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WYY Tangible Common Equity Ratio Rankings
| Overall | 87th percentile | 562 of 4387 |
| Sector | 78th percentile | 186 of 856 in Services |
| Industry | 78th percentile | 4 of 19 in Technical Services |
WYY Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | -13.76% | Mar 2008 |
| Maximum | 57.76% | Jun 2011 |
| Average | 28.98% |
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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WYY News
about 17 days ago by MarkeScope
May 02, 8:30AM PR Newswire
Mar 21, 8:30AM PR Newswire
Feb 14, 8:30AM PR Newswire
Jan 10, 12:48PM PR Newswire
Nov 14, 4:13PM FlyOnTheWall
about 205 days ago by MarketBrief
Nov 07, 8:30AM PR Newswire
about 283 days ago by Legacy_Trades
about 283 days ago by Legacy_Trades
about 285 days ago by Legacy_Trades
about 285 days ago by Legacy_Trades
about 288 days ago by Legacy_Trades
about 290 days ago by Legacy_Trades
about 290 days ago by Legacy_Trades
about 291 days ago by Legacy_Trades
about 291 days ago by Legacy_Trades
about 291 days ago by Legacy_Trades
about 299 days ago by Legacy_Trades
about 300 days ago by Legacy_Trades
about 603 days ago by HistorySquared
about 619 days ago by haydenir
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| WYY | 0.70 | +0.00 | +0.00% | 44.05M |
| WYNN | 97.38 | -5.66 | -5.49% | 9.791B |
| WYN | 47.35 | -2.45 | -4.92% | 6.931B |
| XIN | 2.68 | -0.19 | -6.62% | 206.17M |
| XIDE | 2.29 | -0.03 | -1.29% | 178.89M |
| XHE | 52.27 | -1.10 | -2.07% | |
| XG | 2.95 | +0.15 | +5.36% | 283.67M |
| XEL | 27.96 | -0.06 | -0.21% | 13.61B |
| XEC | 51.29 | -1.98 | -3.72% | 4.396B |
| XCO | 6.90 | -0.30 | -4.17% | 1.495B |