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Debut Diamonds (Debut Diamonds) Intangible Assets : $0.00 Mil (As of Jan. 2021)


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What is Debut Diamonds Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Debut Diamonds's intangible assets for the quarter that ended in Jan. 2021 was $0.00 Mil.


Debut Diamonds Intangible Assets Historical Data

The historical data trend for Debut Diamonds'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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Debut Diamonds Intangible Assets Chart

Debut Diamonds Annual Data
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Intangible Assets
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Debut Diamonds Quarterly Data
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Debut Diamonds 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.


Debut Diamonds  (GREY:DBDIF) 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.


Debut Diamonds Intangible Assets Related Terms

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Debut Diamonds (Debut Diamonds) Business Description

Traded in Other Exchanges
N/A
Address
1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Debut Diamonds Inc is a Canada-based diamond exploration and development company. It is focused on the development of Timmins south project, MacFadyen Kimberlites project, Nakina Project, Victor Area project, and Kyle Kimberlite project. The Timmins south project is located in the Texmont mine. Its MacFadyen Kimberlites property comprises of over five mining claims covering approximately 672 hectares and is situated in northern Ontario. Its Nakina project includes more than 28 unpatented mining claims, which lies approximately 125 kilometers north of Nakina, in the James Bay Lowlands region of north-western Ontario. The company's Kyle Kimberlite property is located in northern Ontario, approximately 130 kilometers west of the De Beers Victor Mine.

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