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WKHS (Workhorse Group) Intangible Assets : $0.00 Mil (As of Mar. 2025)


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What is Workhorse Group Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Workhorse Group's intangible assets for the quarter that ended in Mar. 2025 was $0.00 Mil.


Workhorse Group Intangible Assets Historical Data

The historical data trend for Workhorse Group'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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Workhorse Group Intangible Assets Chart

Workhorse Group Annual Data
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Intangible Assets
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Workhorse Group Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Workhorse Group 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.


Workhorse Group  (NAS:WKHS) 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.


Workhorse Group Intangible Assets Related Terms

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Workhorse Group Business Description

Traded in Other Exchanges
Address
3600 Park 42 Drive, Suite 160E, Sharonville, OH, USA, 45241
Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.
Executives
Richard F Dauch director, officer: Chief Executive Officer C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813
Ryan Wesley Gaul officer: President, Commercial Vehicles 21680 HAGGERTY ROAD, NORTHVILLE MI 48167
James Peters officer: VP, Supply Chain Management 100 COMMERCE STREET, LOVELAND OH 45140
Stanley Raymond March officer: VP, Business Development 100 COMMERCE DRIVE, LOVELAND OH 45140
Robert M Ginnan officer: Chief Financial Officer
Joshua Joseph Anderson officer: Chief Technology Officer 100 COMMERCE DRIVE, LOVELAND OH 45140
James D. Harrington officer: Chief Administrative Officer 500 NORTH FIELD DRIVE, LAKE FOREST IL 60045
Jean Botti director 3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE OH 45241
Brandon Torres Declet director C/O MEASURE GLOBAL INC., 1701 RHODE ISLAND AVENUE NW, STE 05-103, WASHINGTON DC 20036
Michael Laurence Clark director 828 PRESIDENT STREET, BROOKLYN NY 11215
Jacqueline A Dedo director 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Raymond Joseph Chess director 1084 ANDANTE CT, OXFORD MI 48370
Harry Demott director C/O WORKHORSE GROUP INC.,, 100 COMMERCE DRIVE, LOVELAND OH 45140
Austin Scott Miller director 100 COMMERCE STREET, LOVELAND OH 45140
Pamela S. Mader director 2522 N 600 E, CRAIGVILLE IN 46731