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Saudi Reinsurance Co (SAU:8200) Goodwill : ﷼0.0 Mil (As of Dec. 2024)


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What is Saudi Reinsurance Co 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. Saudi Reinsurance Co's goodwill for the quarter that ended in Dec. 2024 was ﷼0.0 Mil.


Saudi Reinsurance Co Goodwill Historical Data

The historical data trend for Saudi Reinsurance Co'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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Saudi Reinsurance Co Goodwill Chart

Saudi Reinsurance Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Goodwill
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Saudi Reinsurance Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Saudi Reinsurance Co 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.


Saudi Reinsurance Co  (SAU:8200) 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.

Saudi Reinsurance Co's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Goodwill-to-Asset (A: Dec. 2024 )=Goodwill/Total Assets
=0/3418.42
=0.00

Saudi Reinsurance Co's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Goodwill-to-Asset (Q: Dec. 2024 )=Goodwill/Total Assets
=0/3418.42
=0.00

* 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.


Saudi Reinsurance Co Goodwill Related Terms

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Saudi Reinsurance Co Business Description

Traded in Other Exchanges
N/A
Address
4130 Northern Ring Road, Al Wadi District.13, Unit number 1, Riyadh, SAU, 13313-6684
Saudi Reinsurance Co is engaged in providing insurance and reinsurance related services. It operates its business in reportable segments including Property and Casualty (P&C) which involves Engineering, Fire, Marine, General Accident, Speciality and Others, Protection segment, Motor segment, Health segment and Inherent Defects Insurance (IDI) segment. The company has a geographical presence in Kingdom of Saudi Arabia, Other Middle Eastern Countries, Africa, Asia, and Other territories.

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