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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Spruce Power Holding's intangible assets for the quarter that ended in Sep. 2024 was $9.27 Mil.
The historical data trend for Spruce Power Holding'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.
Spruce Power Holding Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Intangible Assets | 1.30 | 1.08 | - | 128.55 | 38.95 |
Spruce Power Holding Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Intangible Assets | Get a 7-Day Free Trial |
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39.02 | 38.95 | 38.64 | 38.33 | 9.27 |
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.
Spruce Power Holding (NYSE:SPRU) 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 Spruce Power Holding's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric M. Tech | director, officer: CEO | 2701 NAVISTAR DRIVE, LISLE IL 60532 |
John P. Miller | director | 26W073 MOHICAN DRIVE, WHEATON IL 60189 |
Christopher M. Hayes | director | C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135 |
Jonathan J Ledecky | director | C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005 |
Kevin Griffin | director | C/O PIVOTAL ACQUISITION CORP., C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
Christian S. Fong | director, officer: President and CEO | 7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814 |
Jonathan M Norling | officer: Chief Legal Officer | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
Sarah Weber Wells | officer: SVP of Fin & Acc & Sustain' | 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024 |
Stacey Constas | officer: General Counsel | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Michael Kenhard | officer: CTO and VP of Engineering | 47000 LIBERTY DRIVE, WIXOM MI 48393 |
Calhoun Colleen | officer: VP / GM of XL Grid | 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067 |
Donald P Klein | officer: Chief Financial Officer | 201 MITTEL DRIVE, WOOD DALE IL 60191 |
Cielo Hernandez | officer: Chief Financial Officer | C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135 |
Berklas James P Jr | officer: General Counsel | 123 MAIN STREET, BRISTOL CT 06010 |
Sarah Sclarsic | director | C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174 |
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