GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NorthStar Gaming Holdings Inc (TSXV:BET) » Definitions » Intangible Assets

NorthStar Gaming Holdings (TSXV:BET) Intangible Assets : C$2.38 Mil (As of Dec. 2023)


View and export this data going back to 2023. Start your Free Trial

What is NorthStar Gaming Holdings Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. NorthStar Gaming Holdings's intangible assets for the quarter that ended in Dec. 2023 was C$2.38 Mil.


NorthStar Gaming Holdings Intangible Assets Historical Data

The historical data trend for NorthStar Gaming Holdings'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.

NorthStar Gaming Holdings Intangible Assets Chart

NorthStar Gaming Holdings Annual Data
Trend Jun22 Dec23
Intangible Assets
- 2.38

NorthStar Gaming Holdings Quarterly Data
Dec22 Mar23 Jun23 Sep23 Dec23
Intangible Assets 0.47 0.48 2.45 2.45 2.38

NorthStar Gaming Holdings 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.


NorthStar Gaming Holdings  (TSXV:BET) 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.


NorthStar Gaming Holdings Intangible Assets Related Terms

Thank you for viewing the detailed overview of NorthStar Gaming Holdings's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


NorthStar Gaming Holdings (TSXV:BET) Business Description

Traded in Other Exchanges
Address
220 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2
NorthStar Gaming Holdings Inc owns and operates a casino and sportsbook gaming platform. This segment's gaming revenue is primarily generated from the proceeds from the Company's online casino and sportsbook.
Executives
Corey Goodman Senior Officer

NorthStar Gaming Holdings (TSXV:BET) Headlines

No Headlines