Post by
Smokey1958 on May 19, 2023 10:37am
Have to Look a Little Deeper
When considering the impact of Goodwill and Intangible Assets to an Impairment loss one has to dig a little deeper than adding these up and measuring it against available cash. It's called an Impairment Test. It can be an accounting exercise and obviously impairment losses could be detrimental to a company should it cause them to default on loans or require the addition of capital (dilution) to cover them.
This is not the case for WELL. From both the 2021 and 2022 annual financials the following:
The company did not recognize an impairment loss related to Goodwill or Intangible Assets in either of these years because the recoverable amounts of their CGUs (cash generating units) exceeded their carrying values.
Comment by
SunsetGrill on May 19, 2023 11:15am
LOL -WELL Butt - I guess you missed that on SEDAR as you were doing your own D.D. on a company you dont plan on owning. Wheres the Diligence part when you dont plan to own it?? Good on Smoke