A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Gas Natural's goodwill for the quarter that ended in Mar. 2017 was $15.9 Mil.
Gas Natural Goodwill Historical Data
The historical data trend for Gas Natural's Goodwill can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
Gas Natural (AMEX:EGAS) Goodwill Explanation
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
Gas Natural's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2016 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Gas Natural Goodwill Related Terms
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Gas Natural Inc was incorporated in Montana in 1909 and was reorganized as a holding company in 2009 as a means to facilitate future acquisitions and corporate level financing of natural gas utility and energy-related businesses. On July 9, 2010 the Company moved its state of incorporation to Ohio and changed its name from Energy, Inc. to Gas Natural Inc. The Company is a natural gas company, operating local distribution companies in six states and serving approximately 69,400 customers in total. It reports results in three business segments; Natural Gas, Marketing and Production, Corporate and Other. Natural Gas represents the majority of the Company's revenue, it annually distributes approximately 21 Bcf of natural gas to approximately 68,000 customers through regulated utilities operating in Kentucky, Maine, Montana, North Carolina, Ohio, and Pennsylvania. In the Marketing and Production segment, the Company markets approximately 3.6 Bcf of natural gas to commercial and industrial customers in Montana, Wyoming, Ohio, and Pennsylvania through EWR and GNR subsidiaries. Its EWR subsidiary also manages midstream supply and production assets for transportation customers and utilities. Corporate and Other encompasses the results of corporate acquisitions and other equity transactions and discontinued operations. Included in corporate and other are costs associated with business development and acquisitions, dividend income and recognized gains from the sale of marketable securities. In the Company's natural gas operations, it generally faces competition in the distribution and sales of natural gas from suppliers of other fuels, including coal, electricity, oil and propane. Its utility operations are subject to regulation by the KPSC, MPUC, MPSC, NCUC, PUCO, and the PaPUC. These authorities regulate many aspects of Company's distribution operations, including construction and maintenance of facilities, operations, safety, and regulatory rates charged to customers which control the rate of return it is allowed to realize.
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