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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. California First Leasing's goodwill for the quarter that ended in Dec. 2023 was $0.00 Mil.
The historical data trend for California First Leasing'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.
California First Leasing Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
California First Leasing Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | |
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
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.
California First Leasing (OTCPK:CFNB) 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.
California First Leasing's Goodwill-to-Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Goodwill-to-Asset (A: Jun. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 227.438 | |
= | 0.00 |
California First Leasing's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
Goodwill-to-Asset (Q: Dec. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 233.284 | |
= |
* 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.
Thank you for viewing the detailed overview of California First Leasing's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael H Lowry | director | |
Robert Winton Kelley | director | 5000 BIRCH STREET, SUITE 500, NEWPORT BEACH CA 92660-8142 |
Robert A Hodgson | officer: Sr. VP Tax & Accounting | 18201 VON KARMAN AVE. #800, IRVINE CA 92612 |
Bedros Aharonyan | officer: President, Cal First Natl Bank | CALIFORNIA FIRST NATIONAL BANK, 18201 VON KARMAN AVENUE, IRVINE CA 92651 |
Michael L Mcclendon | officer: SVP Credit of CalFirst Leasing | CALIFORNIA FIRST LEASING CORPORATION, 18201 VON KARMAN AVENUE, IRVINE CA 92651 |
Glen T Tsuma | director, 10 percent owner, officer: CHief Operating Officer | 18201 VON KARMAN AVE, SUITE 800, IRVINE CA 92612 |
Danilo Cacciamatta | director | |
Harris Ravine | director | 8475 GREENWOOD DRIVE, NIWOT CO 80503 |
S Leslie Jewett | officer: Chief Financial Officer | 18201 VON KARMAN AVENUE, IRVINE CA 92612 |
Patrick E Paddon | director, 10 percent owner, officer: Chief Executive Officer | 18201 VON KARMAN AVENUE, IRVINE CA 92612 |
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