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Sterling Consolidated (Sterling Consolidated) Goodwill-to-Asset : 0.00 (As of Sep. 2022)


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What is Sterling Consolidated Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Sterling Consolidated's Goodwill for the quarter that ended in Sep. 2022 was $0.00 Mil. Sterling Consolidated's Total Assets for the quarter that ended in Sep. 2022 was $8.45 Mil. Therefore, Sterling Consolidated's Goodwill to Asset Ratio for the quarter that ended in Sep. 2022 was 0.00.


Sterling Consolidated Goodwill-to-Asset Historical Data

The historical data trend for Sterling Consolidated'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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Sterling Consolidated Goodwill-to-Asset Chart

Sterling Consolidated Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Goodwill-to-Asset
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Sterling Consolidated Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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Competitive Comparison of Sterling Consolidated's Goodwill-to-Asset

For the Specialty Chemicals subindustry, Sterling Consolidated'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.


Sterling Consolidated's Goodwill-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sterling Consolidated's Goodwill-to-Asset distribution charts can be found below:

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



Sterling Consolidated 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.

Sterling Consolidated'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
=0/6.763
=0.00

Sterling Consolidated's Goodwill to Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Goodwill to Asset (Q: Sep. 2022 )=Goodwill/Total Assets
=0/8.451
=0.00

* 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.


Sterling Consolidated  (OTCPK:STCC) 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.


Sterling Consolidated Goodwill-to-Asset Related Terms

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Sterling Consolidated (Sterling Consolidated) Business Description

Traded in Other Exchanges
N/A
Address
1105 Green Grove Road, Neptune, NJ, USA, 07753
Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.
Executives
Darren Derosa director, 10 percent owner, officer: Chief Executive Officer 1105 GREEN GROVE ROAD, NEPTUNE NJ 07753