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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. TMC The Metals Co's intangible assets for the quarter that ended in Mar. 2024 was $1.72 Mil.
The historical data trend for TMC The Metals Co'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.
TMC The Metals Co Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Intangible Assets | - | - | - | - |
TMC The Metals Co Quarterly Data | |||||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | 1.72 |
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.
TMC The Metals Co (NAS:TMC) 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 TMC The Metals Co's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Craig Shesky | officer: Chief Financial Officer | 570 BROOME STREET, APT. 13A, NEW YORK NY 10013 |
Anthony O'sullivan | officer: Chief Development Officer | 19 TENNYSON STREET, BULIMBA, QUEENSLAND C3 4171 |
Gregory Stone | officer: Chief Ocean Scientist | 17350 SUNSET BLVD., 502, PACIFIC PALISADES CA 90272 |
Allseas Group S.a. | 10 percent owner | 18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS V8 1618 |
Andrei Karkar | director, 10 percent owner | 323 MARINA BOULEVARD, SAN FRANCISCO CA 94123 |
Gerard Barron | director, officer: Chief Executive Officer | APT. 6403, JADDAF WATERFRONT TOWER D1, DUBAI C0 00000 |
Argentum Cedit Virtuti Gcv | 10 percent owner | WIEGSTRAAT 21, ANTWERPEN C9 2000 |
Stichting Administratiekantoor Aequa Lance Foundation | 10 percent owner | C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618 |
Edward Heerema | 10 percent owner | C/O ALLSEAS GROUP S.A., 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618 |
Allseas Investments S.a. | 10 percent owner | 18 ROUTE DE PRA DE PLAN, CHATEL-SAINT-DENIS V8 1618 |
Andrew Carlyle Greig | director | 1 MACQUARIE ST, TENERIFFE, QLD C3 4005 |
Sheila Khama | director | PO BOX 2007, GABORONE B1 00000 |
Amelia Kinahoi Siamomua | director | 3575 BEACHHILL DRIVE, ATLANTA GA 30340 |
Christian Madsbjerg | director | 36 WEST 13TH STREET, NEW YORK NY 10011 |
Andrew Hall | director | 16 BARONSFIELD ROAD, TWICKENHAM X0 TW1 2QU |
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