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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Erdene Resource Development's Goodwill for the quarter that ended in Jun. 2026 was $0.00 Mil. Erdene Resource Development's Total Assets for the quarter that ended in Jun. 2026 was $71.35 Mil.
Erdene Resource Development (OTCPK:ERDCF) 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.
Erdene Resource Development Goodwill-to-Asset Related Terms
Erdene Resource Development Goodwill-to-Asset Historical Data
* 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.
Erdene Resource Development Goodwill-to-Asset Chart
Erdene Resource Development Goodwill-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Erdene Resource Development'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.
Erdene Resource Development Goodwill-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Erdene Resource Development's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Erdene Resource Development's Goodwill-to-Asset falls into.
* 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.
Erdene Resource Development (ERDCF) has a Goodwill-to-Asset of 0.00 as of Jun. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Erdene Resource Development and its competitors.
Is Erdene Resource Development's Goodwill-to-Asset too high?
Erdene Resource Development's current Goodwill-to-Asset is 0.00. Overall, Erdene Resource Development has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Erdene Resource Development's Goodwill-to-Asset compare to competitors?
Erdene Resource Development's Goodwill-to-Asset of 0.00 can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Goodwill-to-Asset depends on the Metals & Mining 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 Erdene Resource Development and its competitors. Erdene Resource Development'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 Erdene Resource Development stock overvalued right now?
Erdene Resource Development (ERDCF) has a current Goodwill-to-Asset of 0.00. The current Goodwill-to-Asset is 0.00. Erdene Resource Development's overall GF Score™ is 32/100 with 1 warning sign to review. 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 Erdene Resource Development (ERDCF), the current Goodwill-to-Asset is 0.00 as of Jun. 2026. 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.
Erdene Resource Development Corp is a Canadian-based company focused on the acquisition, exploration, and development of large, high-grade, near-surface, precious and base metals deposits in underexplored and prospective Mongolia. Currently, the corporation's principal development is the Bayan Khundii Gold Project, located in Bayankhongor province, Mongolia. Its other exploration and evaluation assets consist of interests in the Zuun Mod, Greater Dark Horse, Altan Nar, Dark Horse, Ulaan, Tereg Uul, and other properties located in Mongolia.
32GF Score
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