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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Infint Acquisition's intangible assets for the quarter that ended in Jun. 2024 was $0.00 Mil.
The historical data trend for Infint Acquisition'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.
Infint Acquisition Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Intangible Assets | - | - | - |
Infint Acquisition Quarterly Data | |||||||||||||
Apr21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Infint Acquisition (NYSE:IFIN) 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 Infint Acquisition's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Wolverine Asset Management Llc | 10 percent owner | 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604 |
Taconic Capital Advisors Lp | 10 percent owner | 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
Frank Brosens | 10 percent owner | C/O TACONIC CAPITAL ADVISORS LP, 280 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10017 |
Taconic Capital Advisors Uk Llp | 10 percent owner | 55 GROSVENOR STREET, 4TH FLOOR, LONDON X0 W1K 3HY |
Andrey Novikov | director | 19355 BUSINESS CENTER DRIVE , #9, NORTHRIDG CA 91324 |
Kevin Chen | director | 7612 MAIN STREET FISHERS, SUITE 200, VICTOR NY 14564 |
Sheldon Brickman | officer: Chief Financial Officer | 1452 EAST 21ST STREET, BROOKLYN NY 11210 |
Jing Huang | director | 47 JAMES RD, MT KISCO NY 10549 |
Michael Moradzadeh | director | 800 OAK GROVE AVENUE, SUITE 250, MENLO PARK CA 94025 |
Alexander Edgarov | director, 10 percent owner, officer: Chief Executive Officer | 32 BROADWAY, SUITE 401, NEW YORK NY 10004 |
Dave Cameron | director | 3738 FLORAMAR TERRACE, NEW PORT RICHEY FL 34652 |
Infint Capital Llc | 10 percent owner | 32 BROADWAY, SUITE 401, NEW YORK NY 10004 |
Eric David Weinstein | director | 7 PINEWOOD CIRCLE, WHITE PLAINS NY 10603 |
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