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Hamak Gold (LSE:HAMA) Goodwill : £0.00 Mil (As of Jun. 2024)


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What is Hamak Gold 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. Hamak Gold's goodwill for the quarter that ended in Jun. 2024 was £0.00 Mil.


Hamak Gold Goodwill Historical Data

The historical data trend for Hamak Gold'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.

* Premium members only.

Hamak Gold Goodwill Chart

Hamak Gold Annual Data
Trend Dec21 Dec22 Dec23
Goodwill
- - -

Hamak Gold Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Goodwill - - - - -

Hamak Gold 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.


Hamak Gold  (LSE:HAMA) 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.

Hamak Gold'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
=0/1.584
=

Hamak Gold'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
=0/1.71
=

* 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.


Hamak Gold Goodwill Related Terms

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Hamak Gold Business Description

Traded in Other Exchanges
N/A
Address
Pasea Estate, P.O. Box 958, Road Town, Morgan & Morgan Building, Tortola, VGB, VG1110
Hamak Gold Ltd is a mining exploration and development company operating in Liberia, with two gold Mineral Exploration Licences that cover an area of 1,752 sq. km. Liberia is considered prospective for gold and is a geologically similar jurisdiction to the neighboring gold-producing countries such as Guinea, Cote d'Ivoire, Mali, Senegal, Burkina Faso, and Ghana.

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