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Arabia Falcon Insurance Co (MUS:AFIC) Goodwill-to-Asset : 0.01 (As of Dec. 2024)


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What is Arabia Falcon Insurance Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Arabia Falcon Insurance Co's Goodwill for the quarter that ended in Dec. 2024 was ر.ع0.56 Mil. Arabia Falcon Insurance Co's Total Assets for the quarter that ended in Dec. 2024 was ر.ع64.03 Mil. Therefore, Arabia Falcon Insurance Co's Goodwill to Asset Ratio for the quarter that ended in Dec. 2024 was 0.01.


Arabia Falcon Insurance Co Goodwill-to-Asset Historical Data

The historical data trend for Arabia Falcon Insurance Co'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.

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Arabia Falcon Insurance Co Goodwill-to-Asset Chart

Arabia Falcon Insurance Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Goodwill-to-Asset
Get a 7-Day Free Trial 0.01 0.01 0.01 0.01 0.01

Arabia Falcon Insurance Co Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Goodwill-to-Asset Get a 7-Day Free Trial 0.01 0.01 0.01 0.01 0.01

Competitive Comparison of Arabia Falcon Insurance Co's Goodwill-to-Asset

For the Insurance - Diversified subindustry, Arabia Falcon Insurance Co'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.


Arabia Falcon Insurance Co's Goodwill-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Arabia Falcon Insurance Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Arabia Falcon Insurance Co's Goodwill-to-Asset falls into.


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Arabia Falcon Insurance Co 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.

Arabia Falcon Insurance Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Goodwill to Asset (A: Dec. 2024 )=Goodwill/Total Assets
=0.556/64.032
=0.01

Arabia Falcon Insurance Co's Goodwill to Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

Goodwill to Asset (Q: Dec. 2024 )=Goodwill/Total Assets
=0.556/64.032
=0.01

* 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.


Arabia Falcon Insurance Co  (MUS:AFIC) 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.


Arabia Falcon Insurance Co Goodwill-to-Asset Related Terms

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Arabia Falcon Insurance Co Business Description

Traded in Other Exchanges
N/A
Address
Landmark Building, Ground Floor, Boushar, P.O. Box 2279, Ruwi, Muscat, OMN, 112
Arabia Falcon Insurance Co operates as an insurance company in Oman. The company serves individual and corporate clients by providing various insurance products under different lines of business. Its products include Motor, Life, medical, and P & C insurance. It generates maximum revenue from the property & casualty Insurance segment.

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