Nickel 28 Capital (Nickel 28 Capital) Goodwill

: $0.00 Mil (As of Oct. 2023)

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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. Nickel 28 Capital's goodwill for the quarter that ended in Oct. 2023 was $0.00 Mil.

Nickel 28 Capital Goodwill Historical Data

The historical data trend for Nickel 28 Capital'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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Nickel 28 Capital Annual Data

Trend

Dec19

Dec20

Jan22

Jan23

Goodwill

Nickel 28 Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Goodwill												-	-	-	-	-

Nickel 28 Capital 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.

Nickel 28 Capital (OTCPK:CONXF) 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.

Nickel 28 Capital's Goodwill-to-Asset Ratio for the fiscal year that ended in Jan. 2023 is calculated as

Goodwill-to-Asset (A: Jan. 2023 )	=	Goodwill	/	Total Assets
	=	0	/	154.72
	=

Nickel 28 Capital's Goodwill-to-Asset Ratio for the quarter that ended in Oct. 2023 is calculated as

Goodwill-to-Asset (Q: Oct. 2023 )	=	Goodwill	/	Total Assets
	=	0	/	152.331
	=

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.

Nickel 28 Capital Goodwill Related Terms

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Nickel 28 Capital (Nickel 28 Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nickel 28 Capital Corp (OTCPK:CONXF) » Definitions » Goodwill

Comparable Companies

Traded in Other Exchanges

3JC:Germany NKL:Canada

Address

155 University Avenue, Suite 1240, Toronto, ON, CAN, M5H 3B7

Website

https://www.nickel28.com

Nickel 28 Capital Corp is a nickel-cobalt producer in Canada. Nickel-cobalt production comes from its joint-venture interest in the Ramu Nickel-Cobalt Operation located in Papua New Guinea provides it with significant attributable nickel and cobalt production thereby offering shareholders direct exposure to two metals that are critical to the adoption of electric vehicles. In addition, the company manages a portfolio of around 13 nickel and cobalt royalties on development and exploration projects in Canada, Australia, and Papua New Guinea.