GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mexico Equity and Income Fund Inc (NYSE:MXE) » Definitions » Intangible Assets

Mexico Equity andome Fund (Mexico Equity andome Fund) Intangible Assets : $0.00 Mil (As of Jan. 2024)


View and export this data going back to 1990. Start your Free Trial

What is Mexico Equity andome Fund Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Mexico Equity andome Fund's intangible assets for the quarter that ended in Jan. 2024 was $0.00 Mil.


Mexico Equity andome Fund Intangible Assets Historical Data

The historical data trend for Mexico Equity andome Fund'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.

* Premium members only.

Mexico Equity andome Fund Intangible Assets Chart

Mexico Equity andome Fund Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Intangible Assets
Get a 7-Day Free Trial - - - - -

Mexico Equity andome Fund Semi-Annual Data
Jul16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Mexico Equity andome Fund 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.


Mexico Equity andome Fund  (NYSE:MXE) 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.


Mexico Equity andome Fund Intangible Assets Related Terms

Thank you for viewing the detailed overview of Mexico Equity andome Fund's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Mexico Equity andome Fund (Mexico Equity andome Fund) Business Description

Traded in Other Exchanges
N/A
Address
615 East Michigan Street, Milwaukee, WI, USA, 53202
Mexico Equity and Income Fund Inc is a closed-end, non-diversified management investment company. It maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The company provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
Executives
Rajeev P Das director 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Richard Leo Abraham director 143 COLFAX ROAD, HAVERTOWN PA 19083
Stephanie Darling officer: Chief Compliance Officer 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
City Of London Investment Group Plc 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Phillip Goldstein director 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
City Of London Investment Management Co Ltd 10 percent owner 77 GRACECHURCH STREET, LONDON X0 EC3V0AS
Andrew Dakos director 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Glenn Goodstein director C/O THE MEXICO EQUITY AND INCOME FUND, 615 EAST MICHIGAN STREET, 2ND FLOOR, MILWAUKEE WI 53202
Maria Eugenia Pichardo director, officer: President C/O PICHARDO ASSET MANAGEMENT, PASEO DE TAMARINDOS 45-201, BOSQUES DE LAS LOMAS O5 DF 05120
Bank Ag\ Deutsche 10 percent owner TAUNUSANLAGE 12 D-60325, FRANKFURT AM MAIN 2M 00000

Mexico Equity andome Fund (Mexico Equity andome Fund) Headlines

From GuruFocus

The Mexico Equity and Income Fund Announces Extension of Rights Offering

By Business Wire Business Wire 09-29-2021

The Mexico Equity and Income Fund Announces New Transfer Agent

By Business Wire Business Wire 02-01-2023