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LTC Properties's other current assets for the quarter that ended in Dec. 2023 was $16.0 Mil.
LTC Properties's quarterly other current assets declined from Jun. 2023 ($0.0 Mil) to Sep. 2023 ($0.0 Mil) but then increased from Sep. 2023 ($0.0 Mil) to Dec. 2023 ($16.0Mil).
LTC Properties's annual other current assets increased from Dec. 2021 ($4.2 Mil) to Dec. 2022 ($11.1 Mil) increased from Dec. 2022 ($11.1 Mil) to Dec. 2023 ($16.0 Mil).
The historical data trend for LTC Properties's Other Current 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.
LTC Properties Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 5.12 | 5.32 | 4.19 | 11.10 | 15.97 |
LTC Properties Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 11.10 | - | - | - | 15.97 |
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:
The assets grouped under other current assets are most commonly:
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.
Thank you for viewing the detailed overview of LTC Properties's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Boyd W Hendrickson | director | 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265 |
Pamela Shelley-kessler | officer: VP & Controller | 300 ESPLANADE DR #1860, OXNARD CA 93036 |
David L Gruber | director | 2829 TOWNSGATE RD, STE 350, WESTLAKE VILLAGE CA 91361 |
Wendy Simpson | director, officer: CFO & Treasurer | 300 ESPLANADE DR #1860, OXNARD CA 93036 |
Caroline Wong | officer: VP, Controller & Treasurer | 2829 TOWNSGATE RD, SUITE 350, WESTLAKE VILLAGE CA 91361 |
Timothy Triche | director | 2358 NORTH VERMONT AVE, LOS ANGELES CA 90027 |
Cheng Cornelia | director | 2829 TOWNSGATE RD, STE 350, STE 350, WESTLAKE VILLAGE CA 91361 |
James Pieczynski | director | PACWEST BANCORP, 9701 WILSHIRE BOULEVARD, SUITE 700, BEVERLY HILLS CA 90212 |
Clint B Malin | officer: VP & CIO | 22917 PACIFIC COAST HWY, SUITE 350, MALIBU CA 90265 |
Brent P. Chappell | officer: SVP, Inv. & Portfolio Mgmt | 2829 TOWNSGATE RD #350, WESTLAKE VILLAGE CA 91361 |
Edmund King | director | 258 VINEYARD LANE, MESQUITE NV 89027 |
Thomas Andrew Stokes | officer: VP, Marketing/Strat. Planning | 31365 OAK CREST DRIVE, SUITE 200, WESTLAKE VILLAGE CA 91361 |
Peter G Lyew | officer: VP, Director of Taxes | 31365 OAK CREST DRVE, SUITE 200, WESTLAKE VILLAGE CA 91361 |
Andre C Dimitriadis | director, officer: CEO and President | 9955 SE WASHINTON, SUITE 201, PORTLAND OR 97216 |
Devra G Shapiro | director | C/O IPC THE HOSPITALIST COMPANY, INC., 4605 LANKERSHIM BLVD SUITE 617, NORTH HOLLYWOOD CA 91602 |
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