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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Ocean Biomedical's intangible assets for the quarter that ended in Sep. 2023 was $0.00 Mil.
The historical data trend for Ocean Biomedical'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.
Ocean Biomedical Annual Data | |||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | |||||
Intangible Assets | - | - | - | - |
Ocean Biomedical Quarterly Data | |||||||||||||||
Dec19 | Mar20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
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.
Ocean Biomedical (NAS:OCEA) 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 Ocean Biomedical's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert J Sweeney | officer: Chief Accounting Officer | 20298 CRAIGEN CIRCLE, SARATOGA CA 95070 |
M Michelle Berrey | director | 303A COLLEGE ROAD EAST, PRINCETON NJ 08450 |
William F Owens | director | C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010 |
Inderjote S Kathuria | officer: Chief Strategy Officer | 19W060 AVENUE LATOUR, OAK BROOK IL 60523 |
Gurinder S Kalra | officer: Chief Financial Officer | 2305 WASHINGTON STREET, APT 301, SAN FRANCISCO CA 94115 |
Chirinjeev Kathuria | director | C/O UPHEALTH HOLDINGS, INC., 14000 S. MILITARY TRAIL #203, DELRAY BEACH FL 33484 |
Jerome Ringo | director | 1731 EMBARCADERO ROAD SUITE 200, PALO ALTO CA 94303 |
Poseidon Bio, Llc | 10 percent owner | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Daniel Behr | officer: EVP, Innov./Acad. P'ships Head | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Jack A Elias | director | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Jonathan Kurtis | director | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Elizabeth Ng | director, officer: Chief Executive Officer | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Martin D Angle | director | OCEAN BIOMEDICAL, INC., 55 CLAVERICK ST., ROOM 325, PROVIDENCE RI 02903 |
Aesther Healthcare Sponsor, Llc | 10 percent owner | 515 MADISON AVE., SUITE 8078, NEW YORK NY 10022 |
Michael L Peterson | director | 17 CANARY COURT, DANVILLE CA 94526 |
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