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GNOLF (Genoil) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is Genoil Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Genoil's Goodwill for the quarter that ended in Sep. 2024 was $0.00 Mil. Genoil's Total Assets for the quarter that ended in Sep. 2024 was $0.27 Mil.


Genoil Goodwill-to-Asset Historical Data

The historical data trend for Genoil'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.

Genoil Goodwill-to-Asset Chart

Genoil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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Genoil Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Genoil's Goodwill-to-Asset

For the Oil & Gas Equipment & Services subindustry, Genoil'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.


Genoil's Goodwill-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Genoil's Goodwill-to-Asset distribution charts can be found below:

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



Genoil 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.

Genoil'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
=0/0.241
=

Genoil's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=0/0.269
=

* 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.


Genoil  (OTCPK:GNOLF) 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.


Genoil Goodwill-to-Asset Related Terms

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Genoil Business Description

Traded in Other Exchanges
N/A
Address
One Rockefeller Center, 11th Floor, New York, NY, USA, 10020
Genoil Inc is a technology development company related to the oil and gas industry. It is a provider of hydro conversion fixed bed technology for upstream and downstream oil and gas industry. The company's business activities are majorly directed to the development and commercialization of its upgrader technology, which is designed to economically convert heavy crude oil into light synthetic crude. In addition, it owns rights to several patented and proprietary technologies. It derives revenue from engineering and consulting, licensing fee / royalties and profit share. The company's geographical presence in Middle East, Russia and China.