Intangible Assets (%)
Intangible Assets = Intangible Assets/Total Assets
The share of intangible assets in relation to the company's total assets.
Total Assets
Total Assets are all assets and liabilities in the company.
Intangible Assets
Intangible Assets are the company's non-physical assets. This does not mean that they are less valuable than the physical assets. Often, a company's greatest value lies in its intangible assets.
Examples are trademarks, patents, logos, goodwill, proprietary technology, research, computer games, music, film.
As Intangible Assets are part of Total Assets, you as an investor want to know the proportion of Total Assets made up of Intangible assets.
For some industries (e.g. gaming companies or pharmaceutical companies), a high value is natural, as much of the company's value lies in its Intangible Assets (games, patents, research).
You need to compare against the industry and read the report to see what is included in the company's intangible assets.
Things to keep in mind
- A high value suggests that a large part of the company's assets are in the form of Intangible Assets.
- A high value does not have to be good or bad. Read the company report to understand exactly what the Intangible Assets are.