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Waste Connections (TSX:WCN) Goodwill-to-Asset : 0.39 (As of Sep. 2024)


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What is Waste Connections Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Waste Connections's Goodwill for the quarter that ended in Sep. 2024 was C$10,732 Mil. Waste Connections's Total Assets for the quarter that ended in Sep. 2024 was C$27,221 Mil. Therefore, Waste Connections's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.39.


Waste Connections Goodwill-to-Asset Historical Data

The historical data trend for Waste Connections'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.

Waste Connections Goodwill-to-Asset Chart

Waste Connections Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.40 0.41 0.42 0.40 0.41

Waste Connections Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.41 0.40 0.40 0.39

Competitive Comparison of Waste Connections's Goodwill-to-Asset

For the Waste Management subindustry, Waste Connections'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.


Waste Connections's Goodwill-to-Asset Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Waste Connections's Goodwill-to-Asset distribution charts can be found below:

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



Waste Connections 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.

Waste Connections'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
=9933.743/24035.939
=0.41

Waste Connections'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
=10732.171/27221.18
=0.39

* 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.


Waste Connections  (TSX:WCN) 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.


Waste Connections Goodwill-to-Asset Related Terms

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Waste Connections Business Description

Traded in Other Exchanges
Address
6220 Highway 7, Suite 600, Woodbridge, Vaughan, ON, CAN, L4H 4G3
Waste Connections is the third-largest integrated provider of traditional solid waste and recycling services in the North America, operating 103 active landfills (9 are exploration and production waste landfills and 16 are nonmunicipal waste landfills), 157 transfer stations, and 81 recycling operations. The firm serves residential, commercial, industrial, and energy end markets. Waste Connections entered the Canadian market with its 2016 merger with Progressive Waste. In 2023, 12% of consolidated revenue was generated from the firm's Canadian segment.
Executives
Robert Andres Nielsen Senior Officer
Edward E. Guillet Director
Philip Rivard Senior Officer
Mary Anne Whitney Senior Officer
Michael W Harlan Director
James M. Little Senior Officer
Robert Michael Cloninger Senior Officer
Andrea Elisabeth Bertone Director
Patrick J Shea Senior Officer
Eric Olin Hansen Senior Officer
Matthew Stephen Black Senior Officer
William J. Razzouk Director
Susan Rhea Netherton Senior Officer
David G Eddie Senior Officer
Jason Jon Craft Senior Officer