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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. Corner Growth Acquisition's goodwill for the quarter that ended in Jun. 2024 was $0.00 Mil.
The historical data trend for Corner Growth Acquisition'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.
Corner Growth Acquisition Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Goodwill | - | - | - | - |
Corner Growth Acquisition Quarterly Data | |||||||||||||||
Oct20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
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.
Corner Growth Acquisition (NAS:COOLU) 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.
Corner Growth Acquisition's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Goodwill-to-Asset (A: Dec. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 4.653 | |
= |
Corner Growth Acquisition's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2024 is calculated as
Goodwill-to-Asset (Q: Jun. 2024 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 3.82 | |
= |
* 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 Corner Growth Acquisition's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Hrt Financial Lp | 10 percent owner | 3 WORLD TRADE CENTER, 175 GREENWICH STRE, 76TH FLOOR, NEW YORK NY 10007 |
John J. Cadeddu | director, 10 percent owner | 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
Alexandre Balkanski | director | 2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025 |
Jason Park | director | 222 BERKELEY STREET, FLOOR 5, BOSTON MA 02116 |
Marvin Tien | director, officer: Chief Executive Officer | C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
Cga Sponsor, Llc | 10 percent owner | 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
Jane Batzofin | officer: President | C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
David Kutcher | officer: Chief Financial Officer | C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
John Mulkey | director | C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
Kevin Tanaka | officer: DCD | C/O CGA, 251 LYTTON AVENUE, SUITE 200, PALO ALTO CA 94301 |
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