GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kinder Morgan Canada Ltd (TSX:KML.PR.C.PFD) » Definitions » Intangible Assets

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Intangible Assets : C$0.00 Mil (As of Sep. 2019)


View and export this data going back to 2017. Start your Free Trial

What is Kinder Morgan Canada Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Kinder Morgan Canada's intangible assets for the quarter that ended in Sep. 2019 was C$0.00 Mil.


Kinder Morgan Canada Intangible Assets Historical Data

The historical data trend for Kinder Morgan Canada'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.

* Premium members only.

Kinder Morgan Canada Intangible Assets Chart

Kinder Morgan Canada Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18
Intangible Assets
- 248.03 248.00 - -

Kinder Morgan Canada Quarterly Data
Dec14 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Kinder Morgan Canada 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.


Kinder Morgan Canada  (TSX:KML.PR.C.PFD) 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.


Kinder Morgan Canada Intangible Assets Related Terms

Thank you for viewing the detailed overview of Kinder Morgan Canada's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Kinder Morgan Canada (TSX:KML.PR.C.PFD) Business Description

Traded in Other Exchanges
N/A
Address
300 - 5th Avenue S.W., Suite 2700, Calgary, AB, CAN, T2P 5J2
Kinder Morgan Canada Ltd operates as an integrated network of pipeline systems and terminal facilities in Canada. The business activities are carried out through two segments namely Pipelines and Terminals. The Pipelines business unit is composed of the Trans Mountain pipeline system, the Canadian portion of the Cochin pipeline system, the Puget Sound pipeline system, and the Jet Fuel pipeline system. The Terminals business unit is composed of the Vancouver Wharves terminal in British Columbia and numerous terminals in Edmonton, Alberta. Geographically the business presence of the firm is spread across the US and Canada.

Kinder Morgan Canada (TSX:KML.PR.C.PFD) Headlines

No Headlines