Market Cap : 236.39 M | Enterprise Value : 236.38 M | PE Ratio : 8.44 | PB Ratio : 0.75 |
---|
AMEX:VFL has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
AMEX:VFL has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Delaware Investments Natl Muniome's intangible assets for the quarter that ended in Sep. 2021 was $0.00 Mil.
The historical data trend for Delaware Investments Natl Muniome'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.
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.
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.
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Delaware Investments Natl Muniome's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Wells Fargo Bank N A | 10 percent owner | 101 NORTH PHILLIPS AVENUE SIOUX FALLS SD 57104 |
Toronto Dominion Holdings Usa Inc | 10 percent owner | 40 WALL STREET NEW YORK NY 10003 |
Toronto Dominion Bank | 10 percent owner | 66 WELLINGTON STREET WEST 15TH FLOOR, TD TOWER TORONTO, ONTARIO A6 M5K 1A2 |
Toronto Dominion Investments, Inc. | 10 percent owner | 909 FANIN SUITE 1950 HOUSTON TX 77010 |
Td Group Us Holdings Llc | 10 percent owner | 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 |
Van Roden Jake | officer: SVP/Portfolio Manager | 2005 MARKET STREET PHILADELPHIA PA 19103 |
Wood Christianna | director | 330 OLD Y ROAD GOLDEN CO 80401 |
Abernathy Jerome | director | 2005 MARKET STREET PHILADELPHIA PA 19103 |
Lytle Shawn | director, officer: Trustee | C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103 |
Borowiec Ann Dully | director, officer: Board Member | C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103 |
Chow Joseph W | director | STATE STREET CORP 225 FRANKLIN ST BOSTON MA 02110 |
Whitford Thomas K | director | 249 FIFTH AVE P1-POPP-30-1 PITTSBURGH PA 15222 |
Gizzi Gregory A. | officer: VP/Portfolio Manager | C/O DELAWARE INVESTMENTS 2005 MARKET STREET PHILADELPHIA PA 19103 |
Sevilla-sacasa Frances Aldrich | director | 3 GREENWAY PLAZA SUITE 1300 HOUSTON TX 77046 |
Zecher Richard | director | 2 SUTTON PLACE SOUTH, 19A NEW YORK NY 10022 |
No Headlines