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The Toronto-Dominion Bank (TSX:TD.PR.Y.PFD) Intangible Assets : C$21,895.00 Mil (As of Oct. 2024)


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What is The Toronto-Dominion Bank Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. The Toronto-Dominion Bank's intangible assets for the quarter that ended in Oct. 2024 was C$21,895.00 Mil.


The Toronto-Dominion Bank Intangible Assets Historical Data

The historical data trend for The Toronto-Dominion Bank'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.

The Toronto-Dominion Bank Intangible Assets Chart

The Toronto-Dominion Bank Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19,273.00 18,355.00 19,959.00 21,373.00 21,895.00

The Toronto-Dominion Bank Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 Premium Member Only Premium Member Only Premium Member Only 21,373.00 20,897.00 21,555.00 21,673.00 21,895.00

The Toronto-Dominion Bank 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.


The Toronto-Dominion Bank  (TSX:TD.PR.Y.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.


The Toronto-Dominion Bank Intangible Assets Related Terms

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The Toronto-Dominion Bank Business Description

Address
C/o General Counsel’s Office, P.O. Box 1, Toronto-Dominion Centre, King St. W. and Bay St., Toronto, ON, CAN, M5K 1A2
Toronto-Dominion is one of Canada's two largest banks and operates three business segments: Canadian retail banking, US retail banking, and wholesale banking. The bank's US operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.

The Toronto-Dominion Bank Headlines

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