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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Crane NXT Co's intangible assets for the quarter that ended in Dec. 2024 was $1,376 Mil.
The historical data trend for Crane NXT Co'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.
Crane NXT Co Annual Data | |||||||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
Intangible Assets | Get a 7-Day Free Trial | 2,129.30 | 2,050.90 | 1,181.50 | 1,150.10 | 1,375.90 |
Crane NXT Co Quarterly Data | ||||||||||||||||
Dec19 | Dec20 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Intangible Assets | Get a 7-Day Free Trial |
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1,150.10 | 1,127.10 | 1,394.00 | 1,405.60 | 1,375.90 |
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.
Crane NXT Co (NYSE:CXT) 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.
Thank you for viewing the detailed overview of Crane NXT Co's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kurt F. Gallo | officer: Sr. VP, Payment & Merch. Tech. | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Max H Mitchell | officer: VICE PRESIDENT - OP EX | CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Cristen L Kogl | director | 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069 |
David D Petratis | director | 1415 ROSELLE ROAD, PALATINE IL 60067 |
Marijane V. Papanikolaou | officer: V.P, Controller & CAO | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Jennifer Kartono | officer: SVP, CHRO | 950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451 |
Bianca B. Shardelow | officer: VP, Controller & CAO | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
William K Grogan | director | 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062 |
Sanjay Kapoor | director | C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210 |
Paul Gerard Igoe | officer: SVP, General Counsel & Sec. | LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042 |
Crane Holdings, Co. | 10 percent owner | CRANE NXT, CO., 950 WINTER STREET, 4TH FLOOR, WALTHAM MA 02451 |
Aaron W Saak | officer: CEO, Crane NXT | C/O VONTIER CORPORATION, 5438 WADE PARK BLVD., SUITE 600, RALEIGH NC 27607 |
Scott A. Grisham | officer: SVP Bus. Dev. & Strategy | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Tamara S. Polmanteer | officer: Senior Vice President, CHRO | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
John S Stroup | director | 1 N. BRENTWOOD BLVD., SUITE 1500, ST. LOUIS MO 63105 |
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