Alleghany Corporation (Y)
Alleghany Corporation Tangible Common Equity Ratio: 26.95%
View Y Tangible Common Equity Ratio with YCharts Pro.
Access these YCharts Pro features:
Export any data you want
Save any chart as an image
Utilize advanced screener power
View 30 years of financial history
over 90 advanced calculations
Enjoy an advertising free experience
Y Tangible Common Equity Ratio Rankings
| Overall | 60th percentile | 1751 of 4388 |
| Sector | 31st percentile | 595 of 871 in Financial |
| Industry | 43rd percentile | 45 of 79 in Property & Casualty Insurance |
Y Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 26.95% | Mar 2012 |
| Maximum | 45.56% | Mar 2011 |
| Average | 38.85% |
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.
Learn More
You may also be interested in these Y related companies
Y News
about 2 days ago by justfurkids
about 11 days ago by MarketBrief
about 15 days ago by MarketBrief
May 15, 5:02AM PR Newswire
about 23 days ago by marketfolly
about 25 days ago by marketfolly
Apr 18, 5:43PM Business Wire
about 51 days ago by gtlackey
about 77 days ago by MarketBrief
about 81 days ago by TraderFoxxx
Mar 05, 12:11PM Benzinga
Mar 02, 9:25AM Street Insider
about 91 days ago by Benzinga
about 94 days ago by Street_Insider
Feb 28, 5:22PM Street Insider
about 172 days ago by MarketBrief
about 192 days ago by Cyclops
about 193 days ago by lamonicabuzz
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| Y | 326.16 | -2.84 | -0.86% | 2.813B |
| XXIA | 10.28 | -0.30 | -2.84% | 748.32M |
| XWES | 3.40 | -0.11 | -3.13% | 40.36M |
| XUE | 3.46 | -0.13 | -3.62% | 248.32M |
| XTXI | 13.42 | -0.09 | -0.67% | 640.24M |
| XTEX | 15.46 | -0.13 | -0.83% | 792.91M |
| XSD | 42.47 | -0.95 | -2.19% | |
| XRX | 7.205 | -0.01 | -0.21% | 9.616B |
| XRTX | 11.27 | -0.17 | -1.49% | 315.40M |
| XRT | 56.88 | -1.53 | -2.62% |
