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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Liquid Media Group's Goodwill for the quarter that ended in Aug. 2022 was $6.27 Mil. Liquid Media Group's Total Assets for the quarter that ended in Aug. 2022 was $14.72 Mil.
Therefore, Liquid Media Group's Goodwill to Asset Ratio for the quarter that ended in Aug. 2022 was 0.43.
Liquid Media Group (OTCPK:YVRLF) 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.
Liquid Media Group Goodwill-to-Asset Related Terms
Liquid Media Group Goodwill-to-Asset Historical Data
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The historical data trend for Liquid Media Group'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.
YVRLF vs WINR, GMGT, ATVI: Goodwill-to-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Liquid Media Group'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.
Liquid Media Group Goodwill-to-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Liquid Media Group's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Liquid Media Group's Goodwill-to-Asset falls into.
* 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.
Liquid Media Group (YVRLF) has a Goodwill-to-Asset of 0.43 as of Aug. 2022. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Liquid Media Group and its competitors.
Is Liquid Media Group's Goodwill-to-Asset too high?
Liquid Media Group's current Goodwill-to-Asset is 0.43. Overall, Liquid Media Group has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Liquid Media Group's Goodwill-to-Asset compare to WINR and GMGT?
Liquid Media Group's Goodwill-to-Asset of 0.43 can be compared against companies in the Interactive Media 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 an Interactive Media company?
A good Goodwill-to-Asset depends on the Interactive Media 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 Liquid Media Group and its competitors. Liquid Media Group's current Goodwill-to-Asset is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liquid Media Group stock overvalued right now?
Liquid Media Group (YVRLF) has a current Goodwill-to-Asset of 0.43. The current Goodwill-to-Asset is 0.43. Liquid Media Group's overall GF Score™ is 16/100. 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 Liquid Media Group (YVRLF), the current Goodwill-to-Asset is 0.43 as of Aug. 2022. 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.
Liquid Media Group Ltd is an entertainment company with a portfolio of content IP (Intellectual Property) spanning creative industries. Originating in Vancouver's media and entertainment supercluster, the company's mission is to empower storytellers to develop, produce and distribute across channels and platforms. Its operating segment includes investment in video games and investment in the distribution of films.
16GF Score
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Goodwill-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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