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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Charge Enterprises's intangible assets for the quarter that ended in Sep. 2023 was $56.7 Mil.
The historical data trend for Charge Enterprises's Intangible Assets 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.
Charge Enterprises Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Intangible Assets | 17.18 | 26.06 | 46.60 |
Charge Enterprises Quarterly Data | ||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Intangible Assets | Get a 7-Day Free Trial | 46.88 | 46.60 | 45.57 | 44.54 | 56.74 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Charge Enterprises (OTCPK:CRGEQ) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Charge Enterprises's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary N Jacobs | director | MGM MIRAGE, 3600 LAS VEGAS BLVD., S., LAS VEGAS NV 89109 |
James Biehl | officer: CLO, CCO, Secretary | 44 WALL STREET, 12TH FLOOR, NEW YORK NY 10005 |
Michael Wojtowicz | officer: CEO, Pres. B W Electrical Serv | 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017 |
Leah Schweller | officer: CFO | 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017 |
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Andrew Scott Fox | director, 10 percent owner, officer: CEO, Director & Chairman | 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017 |
Craig Harper-denson | director, officer: COO, CCO, Secretary & Director | 125 PARK AVENUE, 25TH FLOOR, NEW YORK NY 10017 |
Jeffrey Scott Kuhlman | officer: Chief Communications Officer | 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017 |
Paolo Fettuccia | officer: See Remarks | 125 PARK AVE, 25TH FLOOR, NEW YORK NY 10017 |
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