The Toronto-Dominion Bank (The Toronto-Dominion Bank) Goodwill

: $13,483 Mil (As of Jan. 2024)

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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. The Toronto-Dominion Bank's goodwill for the quarter that ended in Jan. 2024 was $13,483 Mil.

The Toronto-Dominion Bank Goodwill Historical Data

The historical data trend for The Toronto-Dominion Bank'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.

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The Toronto-Dominion Bank Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Goodwill

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12,871.33

12,973.22

13,054.53

12,897.95

13,566.22

The Toronto-Dominion Bank Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Goodwill	Get a 7-Day Free Trial															12,884.07	13,484.87	13,476.65	13,566.22	13,482.83

The Toronto-Dominion Bank Goodwill Calculation

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.

The Toronto-Dominion Bank (NYSE:TD) 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.

The Toronto-Dominion Bank's Goodwill-to-Asset Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Goodwill-to-Asset (A: Oct. 2023 )	=	Goodwill	/	Total Assets
	=	13566.219	/	1427234.539
	=	0.01

The Toronto-Dominion Bank's Goodwill-to-Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Goodwill-to-Asset (Q: Jan. 2024 )	=	Goodwill	/	Total Assets
	=	13482.828	/	1423595.321
	=	0.01

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.

The Toronto-Dominion Bank Goodwill Related Terms

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The Toronto-Dominion Bank (The Toronto-Dominion Bank) Business Description

Industry

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Traded in Other Exchanges

TDBKF.PFD:USA TNTTF.PFD:USA TDB:Germany TDB:Germany TD.PF.M.PFD:Canada TD.PF.L.PFD:Canada TD.PF.J.PFD:Canada TD.PF.I.PFD:Canada TD.PF.E.PFD:Canada TD.PF.D.PFD:Canada TD.PF.C.PFD:Canada TD.PF.B.PFD:Canada TD.PF.A.PFD:Canada TD:Canada

Address

C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2

Website

https://www.td.com

Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank's U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.