The York Water Company (YORW)
The York Water Company Tangible Common Equity Ratio: 34.98%
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YORW Tangible Common Equity Ratio Rankings
| Overall | 51st percentile | 2119 of 4387 |
| Sector | 24th percentile | 88 of 117 in Utilities |
| Industry | 18th percentile | 9 of 11 in Water Utilities |
YORW Tangible Common Equity Ratio Range, Past 5 Years
| Minimum | 28.64% | Mar 2009 |
| Maximum | 35.32% | Sep 2010 |
| Average | 33.07% |
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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YORW News
May 08, 9:35AM GlobeNewswire
about 32 days ago by DynamicDividend
about 73 days ago by MarketBrief
Mar 12, 2:25PM GlobeNewswire
Mar 05, 4:57AM Benzinga
about 193 days ago by DynamicDividend
Nov 22, 4:42PM Street Insider
Nov 22, 4:41PM GlobeNewswire
about 193 days ago by BullTard
about 193 days ago by DynamicDividend
about 193 days ago by DynamicDividend
Oct 13, 7:14AM Street Insider
about 1072 days ago by armin_brack
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| YORW | 16.95 | -0.07 | -0.41% | 217.13M |
| WPO | 349.50 | +0.68 | +0.19% | 2.663B |
| WPI | 69.75 | -1.54 | -2.16% | 8.870B |
| WPCS | 0.95 | +0.00 | +0.00% | 6.602M |
| WPC | 44.80 | -0.77 | -1.69% | 1.780B |
| VKL | 13.06 | -0.03 | -0.23% | |
| VIXY | 48.21 | +3.77 | +8.48% | |
| VIVO | 18.91 | -0.03 | -0.16% | 780.04M |
| VIV | 23.69 | +0.07 | +0.30% | 9.034B |
| VITC | 7.54 | -0.15 | -1.95% | 250.55M |
