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Insurance House PSC (ADX:IH) Goodwill-to-Asset : 0.00 (As of Sep. 2023)


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What is Insurance House PSC Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Insurance House PSC's Goodwill for the quarter that ended in Sep. 2023 was د.إ0.0 Mil. Insurance House PSC's Total Assets for the quarter that ended in Sep. 2023 was د.إ263.2 Mil. Therefore, Insurance House PSC's Goodwill to Asset Ratio for the quarter that ended in Sep. 2023 was 0.00.


Insurance House PSC Goodwill-to-Asset Historical Data

The historical data trend for Insurance House PSC'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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Insurance House PSC Goodwill-to-Asset Chart

Insurance House PSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Goodwill-to-Asset
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Insurance House PSC Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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Competitive Comparison of Insurance House PSC's Goodwill-to-Asset

For the Insurance - Diversified subindustry, Insurance House PSC'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.


Insurance House PSC's Goodwill-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Insurance House PSC's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Insurance House PSC's Goodwill-to-Asset falls into.



Insurance House PSC 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.

Insurance House PSC's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Goodwill to Asset (A: Dec. 2022 )=Goodwill/Total Assets
=0/459.832
=0.00

Insurance House PSC's Goodwill to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Goodwill to Asset (Q: Sep. 2023 )=Goodwill/Total Assets
=0/263.201
=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.


Insurance House PSC  (ADX:IH) 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.


Insurance House PSC Goodwill-to-Asset Related Terms

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Insurance House PSC (ADX:IH) Business Description

Traded in Other Exchanges
N/A
Address
Finance House Building, Zayed 1st Street, P.O.Box 129921, Khalidiya Area, Abu Dhabi, ARE
Insurance House PSC provides various non-life insurance products in the United Arab Emirates. The products and services offered by the company include accidents and civil responsibility insurance, land, marine and air transportation, dangers insurance and health insurance. The company is organized into two business segments comprising Underwriting of general insurance business and Investments. Underwriting of general insurance business segment incorporates all classes of general insurance, fire, marine, motor, general accident and medical. Investments segment incorporates investments in UAE marketable equity securities, term deposits with banks, overseas managed portfolios, and other securities.

Insurance House PSC (ADX:IH) Headlines