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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Intangible Assets : KWD0.00 Mil (As of Dec. 2023)


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What is Burgan Company for Well Drilling Trading and MaintenanceK Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Burgan Company for Well Drilling Trading and MaintenanceK's intangible assets for the quarter that ended in Dec. 2023 was KWD0.00 Mil.


Burgan Company for Well Drilling Trading and MaintenanceK Intangible Assets Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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.

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Burgan Company for Well Drilling Trading and MaintenanceK Intangible Assets Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data
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Intangible Assets
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Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
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Burgan Company for Well Drilling Trading and MaintenanceK Intangible Assets Calculation

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.


Burgan Company for Well Drilling Trading and MaintenanceK  (KUW:ABAR) 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.


Burgan Company for Well Drilling Trading and MaintenanceK Intangible Assets Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Traded in Other Exchanges
N/A
Address
Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022
Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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