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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. The Chemours Co's goodwill for the quarter that ended in Dec. 2023 was $102 Mil.
The historical data trend for The Chemours Co's Goodwill 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.
The Chemours Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Goodwill | Get a 7-Day Free Trial | 153.00 | 153.00 | 102.00 | 102.00 | 102.00 |
The Chemours Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Goodwill | Get a 7-Day Free Trial | 102.00 | 102.00 | 102.00 | 102.00 | 102.00 |
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
The Chemours Co (NYSE:CC) Goodwill Explanation
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.
The Chemours Co'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 |
= | 102 | / | 8251 | |
= | 0.01 |
The Chemours Co's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2023 is calculated as
Goodwill-to-Asset (Q: Dec. 2023 ) | = | Goodwill | / | Total Assets |
= | 102 | / | 8251 | |
= | 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.
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.
Thank you for viewing the detailed overview of The Chemours Co's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Ron Christopher Charles | officer: Senior Vice President, People | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sandra Phillips Rogers | director | 1000 CRANBERRY WOODS DRIVE, CRANBERRY TOWNSHIP PA 16066 |
Erin N Kane | director | 300 KIMBALL DRIVE, SUITE 101, PARSIPPANY NJ 07054 |
Joseph T. Martinko | officer: President, Thermal & Specializ | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Mark Newman | officer: Senior Vice President and CFO | 1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532 |
Alvenia Scarborough | officer: SVP Corp Communications & CBO | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Matthew S Abbott | officer: SVP, Chief Enterprise Transfor | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Guillaume Pepy | director | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sean D Keohane | director | C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210 |
Calderon Gerardo Familiar | officer: Pres Advanced Performance Mat | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Alisha Bellezza | officer: President, Thermal Spec Solns | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Camela Wisel | officer: VP, CAO & Controller | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Sameer Ralhan | officer: SVP, CFO | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899 |
Jonathan Lock | officer: SVP, Chief Development Officer | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19801 |
Susan M. Kelliher | officer: SVP, People and Health Service | ALBEMARLE CORPORATION, 451 FLORIDA STREET, BATON ROUGE LA 70801 |
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