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Starwood Hotels & Resorts Worldwide Inc (NYSE:HOT)
Other Current Assets
$133 Mil (As of Jun. 2016)

Starwood Hotels & Resorts Worldwide Inc's other current assets for the quarter that ended in Jun. 2016 was $133 Mil.

Starwood Hotels & Resorts Worldwide Inc's quarterly other current assets increased from Dec. 2015 ($238 Mil) to Mar. 2016 ($274 Mil) but then declined from Mar. 2016 ($274 Mil) to Jun. 2016 ($133 Mil).

Starwood Hotels & Resorts Worldwide Inc's annual other current assets declined from Dec. 2013 ($520 Mil) to Dec. 2014 ($489 Mil) and declined from Dec. 2014 ($489 Mil) to Dec. 2015 ($238 Mil).


Definition

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, “other current assets” never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:


• Cash
• Trade Receivables
• Inventory

The assets grouped under “other current assets” are most commonly:


• Prepaid Expenses
• Tax Assets
• Non-Trade Receivables
• Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of “Prepaid Expenses” - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company’s financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line “Other Current Assets”.

At most companies, “other current assets” are a small and unimportant part of the total balance sheet.


Related Terms

Total Current Assets


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Starwood Hotels & Resorts Worldwide Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Other Current Assets 468332239174238699637520489238

Starwood Hotels & Resorts Worldwide Inc Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
Other Current Assets 572483476489437439386238274133
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