BWMY (BorrowMoney.com) Goodwill-to-Asset: 0.00 (As of Feb. 2024)

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What is BorrowMoney.com Goodwill-to-Asset?

BorrowMoney.com BWMY Goodwill-to-Asset is 0.00 as of Feb. 2024.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. BorrowMoney.com's Goodwill for the quarter that ended in Feb. 2024 was $0.00 Mil. BorrowMoney.com's Total Assets for the quarter that ended in Feb. 2024 was $0.01 Mil.


BorrowMoney.com  (OTCPK:BWMY) 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.


BorrowMoney.com Goodwill-to-Asset Related Terms


BorrowMoney.com Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for BorrowMoney.com'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.

BorrowMoney.com Goodwill-to-Asset Chart

BorrowMoney.com Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Goodwill-to-Asset
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

BorrowMoney.com Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BWMY vs CHWWQ, V, MA: Goodwill-to-Asset Comparison

For the Credit Services subindustry, BorrowMoney.com'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.


BorrowMoney.com Goodwill-to-Asset vs Credit Services Industry

For the Credit Services industry and Financial Services sector, BorrowMoney.com's Goodwill-to-Asset distribution charts can be found below:

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



BorrowMoney.com 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.

BorrowMoney.com's Goodwill to Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

Goodwill to Asset (A: Aug. 2023 )=Goodwill/Total Assets
=0/0.056
=

BorrowMoney.com's Goodwill to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

Goodwill to Asset (Q: Feb. 2024 )=Goodwill/Total Assets
=0/0.007
=

* 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.

Frequently Asked Questions Learn more about Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.00 mean?
BorrowMoney.com (BWMY) has a Goodwill-to-Asset of 0.00 as of Feb. 2024. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on BorrowMoney.com and its competitors.
Is BorrowMoney.com's Goodwill-to-Asset too high?
BorrowMoney.com's current Goodwill-to-Asset is 0.00.
How does BorrowMoney.com's Goodwill-to-Asset compare to CHWWQ and V?
BorrowMoney.com's Goodwill-to-Asset of 0.00 can be compared against companies in the Credit Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for a Credit Services company?
A good Goodwill-to-Asset depends on the Credit Services industry context. However, Goodwill-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on BorrowMoney.com and its competitors. BorrowMoney.com's current Goodwill-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BorrowMoney.com stock overvalued right now?
BorrowMoney.com (BWMY) has a current Goodwill-to-Asset of 0.00. The current Goodwill-to-Asset is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For BorrowMoney.com (BWMY), the current Goodwill-to-Asset is 0.00 as of Feb. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BorrowMoney.com Business Description

Address 512 Bayshore Drive, Fort Lauderdale, FL, USA, 33304
BorrowMoney.com Inc operates an online loan marketplace for consumers seeking loans and other credit-based offerings. Its online marketplace provides consumers with access to product offerings from active lenders. It offers products in two categories including mortgage products and non-mortgage products. The mortgage products category includes the purchase and refinances products. Non-mortgage products include credit cards, personal loans, home equity loans, reverse mortgage loans, auto loans, small business loans, student loans, deposit accounts, home improvement referrals and other credit products such as credit repair and debt settlement.