Mercurity Fintech Holding (NAS:MFH) Goodwill-to-Asset

: 0.00 (As of Jun. 2022)

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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Mercurity Fintech Holding's Goodwill for the quarter that ended in Jun. 2022 was $0.00 Mil. Mercurity Fintech Holding's Total Assets for the quarter that ended in Jun. 2022 was $7.63 Mil.

Mercurity Fintech Holding Goodwill-to-Asset Historical Data

The historical data trend for Mercurity Fintech Holding'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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Mercurity Fintech Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Goodwill-to-Asset

0.62

0.74

Mercurity Fintech Holding Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22
Goodwill-to-Asset																0.76	-	-	-	-

Competitive Comparison

For the Capital Markets subindustry, Mercurity Fintech Holding'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.

Annual Data Quarterly Data

Mercurity Fintech Holding Goodwill-to-Asset Distribution

For the Capital Markets industry and Financial Services sector, Mercurity Fintech Holding's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Mercurity Fintech Holding's Goodwill-to-Asset falls in comparison to its industry or sector. The grey bar indicates the Goodwill-to-Asset's extreme value range as defined by GuruFocus.

Mercurity Fintech Holding 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.

Mercurity Fintech Holding's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill to Asset (A: Dec. 2021 )	=	Goodwill	/	Total Assets
	=	0	/	9.939
	=	0.00

Mercurity Fintech Holding's Goodwill to Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

Goodwill to Asset (Q: Jun. 2022 )	=	Goodwill	/	Total Assets
	=	0	/	7.625
	=

Mercurity Fintech Holding (NAS:MFH) 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.

Mercurity Fintech Holding Goodwill-to-Asset Related Terms

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Mercurity Fintech Holding (NAS:MFH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mercurity Fintech Holding Inc (NAS:MFH) » Definitions » Goodwill-to-Asset

Traded in Other Exchanges

MFH:USA

Address

Yuehai Street, Room 1215, Xin’nan Block No. 2, Guangdong Province, Nanshan District, Beijing, CHN, 518000

Website

https://www.mercurity.com

Mercurity Fintech Holding Inc provides digital asset trading infrastructure solutions based on internet and blockchain technologies. The company services include comprehensive solutions in connection with digital asset transactions; platform-based products, such as transaction facilitation system, trading system, account management system, operation management system and mobile applications, and variety of supplemental services, such as customized software development services, maintenance services, and compliance support services. Its target customers are mainly institutional customers, such as digital asset exchanges, trading platforms, foreign exchange companies, brokers, funds, and asset management companies.