Define: Consolidated Tangible Assets
What does "Consolidated Tangible Assets" mean? The meaning differs based on the contract. We found 2 definitions across 2 companies in SEC filings.
Definition 1 (Autodesk, Inc., seen in 1 filing)
Consolidated Tangible Assets means as of any date of determination, for the Borrower and its Subsidiaries (determined in each case on a Consolidated basis) (a) the book value of total assets of the Borrower and its Subsidiaries, minus (b) the book value of all property that should be classified as intangibles (without duplication of deductions in respect of items already deducted in arriving at total assets), including goodwill, minority interests, research and development costs, trademarks, trade names, copyrights, patents and franchises.
Source: Autodesk, Inc. 8-K
Definition 2 (CARNIVAL CORP, seen in 1 filing)
Consolidated Tangible Assets means the total amount of assets which under GAAP would be included on a consolidated balance sheet after deducting therefrom, without duplication, the sum of all goodwill, trade names, trademarks, patents, right-of-use assets, unamortized debt discount and expense and other like intangibles, which in each case under GAAP would be included on such consolidated balance sheet.
Source: CARNIVAL CORP 10-Q
Data extracted from 7 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.