Liberty All Star Equity Fund (Liberty All Star Equity Fund) Intangible Assets : $0.0 Mil (As of Dec. 2023)

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What is Liberty All Star Equity Fund Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Liberty All Star Equity Fund's intangible assets for the quarter that ended in Dec. 2023 was $0.0 Mil.

Liberty All Star Equity Fund Intangible Assets Historical Data

The historical data trend for Liberty All Star Equity 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.

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Liberty All Star Equity Fund Intangible Assets Chart

Liberty All Star Equity Fund Annual Data

Trend

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Dec22

Dec23

Intangible Assets

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Liberty All Star Equity Fund Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Intangible Assets	Get a 7-Day Free Trial								-	-	-	-	-

Liberty All Star Equity 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.

Liberty All Star Equity Fund (NYSE:USA) 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.

Liberty All Star Equity Fund Intangible Assets Related Terms

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Liberty All Star Equity Fund (Liberty All Star Equity Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Liberty All Star Equity Fund (NYSE:USA) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1290 Broadway, Suite 1000, Denver, CO, USA, 80203

Website

http://www.all-starfunds.com

Liberty All Star Equity Fund is a closed-end funds and open-end multi-managed fund. Its objective is to provide a high level of current income and long-term capital appreciation. The fund invests in various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, real estate, utilities, telecommunication and other services.

Executives

Mark T Haley	officer: Senior Vice President	C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Robert Milas	officer: Vice President of the Funds	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Milton M Irvin	other: Trustee	C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Edmund J Burke	director	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Parmentier William R Jr	officer: President and Chief Exec. Off.	C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Michelle Stallworth	officer: ASSISTANT SECRETARY	1290 BROADWAY, SUITE 1000, DENVER CO 80203
Erich Rettinger	officer: Treasurer	1290 BROADWAY SUITE 1100, DENVER CO 80203
Tanya Tancheff	officer: Assistant Secretary	1290 BROADWAY 1000, DENVER CO 80203
Maureen K Usifer	other: Trustee	C/O BLACKROCK KELSO CAPITAL ADVISORS LLC, 40 EAST 52ND STREET, NEW YORK NY 10022
John J Neuhauser	other: Trustee	C/O LIBERTY ALL-STAR FUNDS, 1290 BROADWAY, SUITE 1100, DENVER CO 80203
Howard Roy Gleicher	other: Portfolio Manager	11100 SANTA MONICA BLVD. SUITE 1700, LOS ANGELES CA 90025
Thomas W Brock	director	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Fiduciary Management Inc /wi/	other: Fund Investment Advisor	790 N. WATER STREET, SUITE 2100, MILWAUKEE WI 53202
Jill Kerschen	officer: Treasurer	1700 BROADWAY, SUITE 1850, DENVER CO 80290
Laton Spahr	other: President of the Adviser	1290 BROADWAY, SUITE 1100, DENVER CO 80203