GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Goodwill-to-Asset

Lightning Minerals (ASX:L1M) Goodwill-to-Asset : 0.00 (As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Lightning Minerals Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Lightning Minerals's Goodwill for the quarter that ended in Dec. 2023 was A$0.00 Mil. Lightning Minerals's Total Assets for the quarter that ended in Dec. 2023 was A$6.28 Mil. Therefore, Lightning Minerals's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 was 0.00.


Lightning Minerals Goodwill-to-Asset Historical Data

The historical data trend for Lightning Minerals's Goodwill-to-Asset 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.

Lightning Minerals Goodwill-to-Asset Chart

Lightning Minerals Annual Data
Trend Jun23 Jun24
Goodwill-to-Asset
- -

Lightning Minerals Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
Goodwill-to-Asset - - - -

Competitive Comparison of Lightning Minerals's Goodwill-to-Asset

For the Other Industrial Metals & Mining subindustry, Lightning Minerals's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lightning Minerals's Goodwill-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lightning Minerals's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Lightning Minerals's Goodwill-to-Asset falls into.



Lightning Minerals Goodwill-to-Asset Calculation

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.

Lightning Minerals's Goodwill to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Goodwill to Asset (A: Jun. 2024 )=Goodwill/Total Assets
=0/7.599
=

Lightning Minerals's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill to Asset (Q: Dec. 2023 )=Goodwill/Total Assets
=0/6.282
=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.


Lightning Minerals  (ASX:L1M) Goodwill-to-Asset Explanation

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.


Lightning Minerals Goodwill-to-Asset Related Terms

Thank you for viewing the detailed overview of Lightning Minerals's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Lightning Minerals Business Description

Traded in Other Exchanges
N/A
Address
40 The Esplanade, Level 11, Perth, WA, AUS, 6000
Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit. The segment of the Group is mineral exploration and its geographical segments are Australia; Canada and Brazil.

Lightning Minerals Headlines

No Headlines