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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Murphy Canyon Acquisition's Goodwill for the quarter that ended in Jun. 2023 was $0.00 Mil. Murphy Canyon Acquisition's Total Assets for the quarter that ended in Jun. 2023 was $23.69 Mil.
The historical data trend for Murphy Canyon Acquisition'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.
Murphy Canyon Acquisition Annual Data | |||||
Trend | Dec21 | Dec22 | |||
Goodwill-to-Asset | - | - |
Murphy Canyon Acquisition Quarterly Data | ||||||||
Nov21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | ||
Goodwill-to-Asset | Get a 7-Day Free Trial | - | - | - | - | - |
For the Shell Companies subindustry, Murphy Canyon Acquisition'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.
For the Diversified Financial Services industry and Financial Services sector, Murphy Canyon Acquisition's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Murphy Canyon Acquisition's Goodwill-to-Asset falls into.
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.
Murphy Canyon Acquisition's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Goodwill to Asset (A: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 137.518 | |
= |
Murphy Canyon Acquisition's Goodwill to Asset Ratio for the quarter that ended in Jun. 2023 is calculated as
Goodwill to Asset (Q: Jun. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 23.694 | |
= |
* 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.
Murphy Canyon Acquisition (NAS:MURF) 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.
Thank you for viewing the detailed overview of Murphy Canyon Acquisition's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Shaolin Capital Management Llc | 10 percent owner | 230 NW 24TH STREET, SUITE 603, MIAMI FL 33127 |
Knuettel Ii Francis | director | 205 NEWBURY ST, SUITE 204, FRAMINGHAM MA 01701 |
Adam Sragovicz | director, officer: CFO and Treasurer | 1282 PACIFIC OAKS PLACE, ESCONDIDO CA 92029 |
Jack Kendrick Heilbron | director, officer: CEO, President, and Chairman | 16433 BRONCO LANE, POWAY CA 92064 |
Bentzen Edwin H Iv | officer: Chief Accounting Officer | 2513 BIRCH HOLLOW ST, HENDERSON NV 89044 |
Chele Chiavacci Farley | director | 4 RIDGE ROAD, TUXEDO PARK NY 10987 |
Richard Edward Feinberg | director | 2855 FIFTH AVENUE, UNIT 405, SAN DIEGO CA 92103 |
Murphy Canyon Acquisition Sponsor, Llc | 10 percent owner | 4995 MURPHY CANYON ROAD, SUITE 300, SAN DIEGO CA 92123 |
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