Northern Genesis Acquisition II (Northern Genesis Acquisition II) Goodwill : $0.00 Mil (As of Sep. 2020)

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What is Northern Genesis Acquisition II Goodwill?

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. Northern Genesis Acquisition II's goodwill for the quarter that ended in Sep. 2020 was $0.00 Mil.

Northern Genesis Acquisition II Goodwill Historical Data

The historical data trend for Northern Genesis Acquisition II'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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Northern Genesis Acquisition II Goodwill Chart

Northern Genesis Acquisition II Annual Data

Trend

Dec20

Goodwill

Northern Genesis Acquisition II Semi-Annual Data
	Sep20
Goodwill	-

Northern Genesis Acquisition II 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.

Northern Genesis Acquisition II (NYSE:NGAB.U) 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.

Northern Genesis Acquisition II's Goodwill-to-Asset Ratio for the fiscal year that ended in . 20 is calculated as

Goodwill-to-Asset (A: . 20 )	=	Goodwill	/	Total Assets
	=		/
	=

Northern Genesis Acquisition II's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

Goodwill-to-Asset (Q: Sep. 2020 )	=	Goodwill	/	Total Assets
	=	0	/	0.03
	=

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.

Northern Genesis Acquisition II Goodwill Related Terms

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Northern Genesis Acquisition II (Northern Genesis Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Genesis Acquisition Corp II (NYSE:NGAB.U) » Definitions » Goodwill

Comparable Companies

Traded in Other Exchanges

N/A

Address

4801 Main Street, Suite 1000, Kansas, MO, USA, 64112

Website

http://www.northerngenesis.com

Northern Genesis Acquisition Corp II operates as a blank check company.

Executives

Penny Herscher	director	1001 RIDDER PARK DRIVE, SAN JOSE CA 95131
Sc Us (ttgp), Ltd.	10 percent owner	2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Patrick W Grady	director, 10 percent owner	C/O OKTA, INC., 301 BRANNAN STREET 1ST FLOOR, SAN FRANCISCO CA 94107
Sequoia Capital U.s. Growth Fund Vii, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Growth Vii Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Growth Vii Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Fund Xv, L.p.	10 percent owner	3000 SAND HILL ROAD, BUILDING 4, SUITE 250, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Xv Principals Fund, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Capital U.s. Venture Partners Fund Xv (q), L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sc U.s. Venture Xv Management, L.p.	10 percent owner	2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ian Robertson	director	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Morgan Dioli	officer: Interim Chief Financial Ofcr	C/O EMBARK TECHNOLOGY, INC., 321 ALABAMA STREET, SAN FRANCISCO CA 94110