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Adit Edtech Acquisition (Adit Edtech Acquisition) Intangible Assets : $0.00 Mil (As of Sep. 2023)


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What is Adit Edtech Acquisition Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Adit Edtech Acquisition's intangible assets for the quarter that ended in Sep. 2023 was $0.00 Mil.


Adit Edtech Acquisition Intangible Assets Historical Data

The historical data trend for Adit Edtech Acquisition'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.

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Adit Edtech Acquisition Intangible Assets Chart

Adit Edtech Acquisition Annual Data
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Adit Edtech Acquisition Quarterly Data
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Adit Edtech Acquisition 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.


Adit Edtech Acquisition  (AMEX:ADEX) 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.


Adit Edtech Acquisition Intangible Assets Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105
Adit Edtech Acquisition Corp is a blank check company.
Executives
Sharmila Kassam director 4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter officer: See Remarks 44 FENNO RD, NEWTON MA 02459
David L. Shrier director, officer: President and CEO 250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen director 613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy director 704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino officer: See Remarks 201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc 10 percent owner 515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson director 1100 SE ATLANTIC DRIVE, LANTANA FL 33462

Adit Edtech Acquisition (Adit Edtech Acquisition) Headlines

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