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Al Ahli Bank Of Kuwait (KUW:ABK) Goodwill-to-Asset : 0.00 (As of Mar. 2024)


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What is Al Ahli Bank Of Kuwait Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Al Ahli Bank Of Kuwait's Goodwill for the quarter that ended in Mar. 2024 was KWD0.0 Mil. Al Ahli Bank Of Kuwait's Total Assets for the quarter that ended in Mar. 2024 was KWD6,511.2 Mil. Therefore, Al Ahli Bank Of Kuwait's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.00.


Al Ahli Bank Of Kuwait Goodwill-to-Asset Historical Data

The historical data trend for Al Ahli Bank Of Kuwait'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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Al Ahli Bank Of Kuwait Goodwill-to-Asset Chart

Al Ahli Bank Of Kuwait Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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Al Ahli Bank Of Kuwait Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Al Ahli Bank Of Kuwait's Goodwill-to-Asset

For the Banks - Regional subindustry, Al Ahli Bank Of Kuwait'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.


Al Ahli Bank Of Kuwait's Goodwill-to-Asset Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Al Ahli Bank Of Kuwait's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Al Ahli Bank Of Kuwait's Goodwill-to-Asset falls into.



Al Ahli Bank Of Kuwait 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.

Al Ahli Bank Of Kuwait'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
=0/6289.245
=0.00

Al Ahli Bank Of Kuwait's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Goodwill to Asset (Q: Mar. 2024 )=Goodwill/Total Assets
=0/6511.151
=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.


Al Ahli Bank Of Kuwait  (KUW:ABK) 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.


Al Ahli Bank Of Kuwait Goodwill-to-Asset Related Terms

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Al Ahli Bank Of Kuwait (KUW:ABK) Business Description

Traded in Other Exchanges
N/A
Address
Al Safat Square, Ahmed Al Jaber Street, P.O. Box 1387, Safat, Kuwait City, KWT, 13014
Al Ahli Bank Of Kuwait is a company engaged in the banking sector, primarily in Kuwait, United Arab Emirates, and Egypt. The group is organized into three business segments. The commercial Banking segment comprises a full range of credit, deposit, and related banking services provided to its corporate and institutional customers. Treasury and Investments segment comprises treasury services provided to customers and balance sheet management activities including money market, derivatives, propriety investment activities, assets management and the residual impact of inter-segment fund transfer pricing, and the Retail and private banking segment comprising products and services to customers which includes loans, credit cards, and wealth management.

Al Ahli Bank Of Kuwait (KUW:ABK) Headlines

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