RNBI (Rainbow International) Goodwill-to-Asset: 0.00 (As of Feb. 2014)

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What is Rainbow International Goodwill-to-Asset?

Rainbow International RNBI -99.00% Goodwill-to-Asset is 0.00 as of Feb. 2014.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Rainbow International's Goodwill for the quarter that ended in Feb. 2014 was $0.00 Mil. Rainbow International's Total Assets for the quarter that ended in Feb. 2014 was $0.03 Mil.

Rainbow International  (OTCPK:RNBI) 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.

Rainbow International Goodwill-to-Asset Related Terms

Rainbow International Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Rainbow International'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.

Rainbow International Goodwill-to-Asset Chart

Rainbow International Annual Data
Trend May11 May12 May13
Goodwill-to-Asset
0.00 0.00 0.00

Rainbow International Quarterly Data
Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 Aug13 Nov13 Feb14
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Rainbow International Goodwill-to-Asset Competitor Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Rainbow International'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.

Rainbow International Goodwill-to-Asset vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Rainbow International's Goodwill-to-Asset distribution charts can be found below:

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


Rainbow International 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.

Rainbow International's Goodwill to Asset Ratio for the fiscal year that ended in May. 2013 is calculated as

Goodwill to Asset (A: May. 2013 )=Goodwill/Total Assets
=0/0.0332
=

Rainbow International's Goodwill to Asset Ratio for the quarter that ended in Feb. 2014 is calculated as

Goodwill to Asset (Q: Feb. 2014 )=Goodwill/Total Assets
=0/0.030047
=

* 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?
Rainbow International (RNBI) has a Goodwill-to-Asset of 0.00 as of Feb. 2014. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Rainbow International and its competitors.
Is Rainbow International's Goodwill-to-Asset too high?
Rainbow International's current Goodwill-to-Asset is 0.00.
How does Rainbow International's Goodwill-to-Asset compare to competitors?
Rainbow International's Goodwill-to-Asset of 0.00 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Goodwill-to-Asset depends on the Drug Manufacturers 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 Rainbow International and its competitors. Rainbow International'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 Rainbow International stock overvalued right now?
Rainbow International (RNBI) 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 Rainbow International (RNBI), the current Goodwill-to-Asset is 0.00 as of Feb. 2014. 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.

Rainbow International Business Description

Comparable Companies IST:GENTSIST:PRKME
Address 17422 East Progress Drive, Suite 107, Centennial, CO, USA
Rainbow International Corp is a United States based company engaged in the commercial production of hemp, by growing hemp in greenhouses and on acreage, then formulate, package and distribute its own line of hemp-based products.