M & G Highome Investment Trust (LSE:MGHC) Intangible Assets: £0.00 Mil (As of Nov. 2016)

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What is M & G Highome Investment Trust Intangible Assets?

M & G Highome Investment Trust LSE:MGHC Intangible Assets is £0.00 Mil as of Nov. 2016. The stock has 3 warning signs investors should review.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. M & G Highome Investment Trust's intangible assets for the quarter that ended in Nov. 2016 was £0.00 Mil.

M & G Highome Investment Trust  (LSE:MGHC) 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.

M & G Highome Investment Trust Intangible Assets Related Terms

M & G Highome Investment Trust Intangible Assets Historical Data

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The historical data trend for M & G Highome Investment Trust'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.

M & G Highome Investment Trust Intangible Assets Chart

M & G Highome Investment Trust Annual Data
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M & G Highome Investment Trust Semi-Annual Data
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M & G Highome Investment Trust 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.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of £0.00 Mil mean?
M & G Highome Investment Trust (LSE:MGHC) has a Intangible Assets of £0.00 Mil as of Nov. 2016. Intangible assets include patents, goodwill and trade secrets. View historical data on M & G Highome Investment Trust and its competitors.
Is M & G Highome Investment Trust's Intangible Assets too high?
M & G Highome Investment Trust's current Intangible Assets is £0.00 Mil.
How does M & G Highome Investment Trust's Intangible Assets compare to BKCC and TPVG?
M & G Highome Investment Trust's Intangible Assets of £0.00 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for an Asset Management company?
A good Intangible Assets depends on the Asset Management industry context. However, Intangible Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on M & G Highome Investment Trust and its competitors. M & G Highome Investment Trust's current Intangible Assets is £0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M & G Highome Investment Trust stock overvalued right now?
M & G Highome Investment Trust (LSE:MGHC) has a current Intangible Assets of £0.00 Mil. The current Intangible Assets is £0.00 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For M & G Highome Investment Trust (LSE:MGHC), the current Intangible Assets is £0.00 Mil as of Nov. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

M & G Highome Investment Trust Business Description

M & G High Income Investment Trust PLC was incorporated in United Kingdom on December 23, 1996. It is a split capital investment trust company with three classes of share: Zero Dividend Preference Shares, Income Shares and Capital Shares. The Company's investment objective is to achieve an above average and increasing income over the 20 year life of the Company and seeking to achieve capital growth.