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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. CLS Holdings USA's Goodwill for the quarter that ended in Feb. 2024 was $0.56 Mil. CLS Holdings USA's Total Assets for the quarter that ended in Feb. 2024 was $9.13 Mil. Therefore, CLS Holdings USA's Goodwill to Asset Ratio for the quarter that ended in Feb. 2024 was 0.06.
The historical data trend for CLS Holdings USA'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.
CLS Holdings USA Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | May23 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.55 | 0.04 | 0.05 | 0.04 | 0.06 |
CLS Holdings USA Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.04 | 0.06 | 0.06 | 0.05 | 0.06 |
For the Drug Manufacturers - Specialty & Generic subindustry, CLS Holdings USA'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.
For the Drug Manufacturers industry and Healthcare sector, CLS Holdings USA's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where CLS Holdings USA's Goodwill-to-Asset falls into.
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.
CLS Holdings USA's Goodwill to Asset Ratio for the fiscal year that ended in May. 2023 is calculated as
Goodwill to Asset (A: May. 2023 ) | = | Goodwill | / | Total Assets |
= | 0.56 | / | 10.071 | |
= | 0.06 |
CLS Holdings USA's Goodwill to Asset Ratio for the quarter that ended in Feb. 2024 is calculated as
Goodwill to Asset (Q: Feb. 2024 ) | = | Goodwill | / | Total Assets |
= | 0.56 | / | 9.13 | |
= | 0.06 |
* 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.
CLS Holdings USA (OTCPK:CLSH) 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.
Thank you for viewing the detailed overview of CLS Holdings USA's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Ross Silver | director | 516 SW 13TH STREET, SUITE 201, BEND OR 97702 |
Andrew Glashow | director | 1C BOWENS LANDING, NEWPORT RI 02840 |
Tribeca Investment Partners Pty Ltd | 10 percent owner | LEVEL 23, 1 O'CONNELL STREET, SYDNEY C3 2000 |
David Zelinger | director | C/O CLS HOLDINGS USA, INC., 11767 SOUTH DIXIE HIGHWAY, SUITE 115, MIAMI FL 33156 |
Charlene Soco | officer: Executive VP of Finance | C/O CLS HOLDINGS USA, INC., 11767 SOUTH DIXIE HIGHWAY, SUITE 115, MIAMI FL 33156 |
Chetan Gulati | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Todd V Swanson | 10 percent owner | 10120 W. FLAMINGO ROAD, #4333, LAS VEGAS NV 89147 |
Gregg E. Carlson | officer: Chief Financial Officer | 2342 MALAGA PEAK STREET, LAS VEGAS NV 89135 |
Navy Capital Green Management Llc | 10 percent owner, other: See Remark(1) | 482 BAYBERRY LANE, MOUNTAINSIDE NJ 07092 |
Navy Capital Green Co-invest Partners Llc | 10 percent owner, other: See Remark(1) | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Co-invest Fund, Llc | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Management Partners Llc | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
John Kaden | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Sean Stiefel | 10 percent owner | 28 REICHERT CIRCLE, WESTPORT CT 06880 |
Navy Capital Green Fund, Lp | 10 percent owner, other: See Remark(2) | NAVY CAPITAL GREEN MANAGEMENT, LLC, 28 REICHERT CIRCLE, WESTPORT CT 06880 |
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