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Electro Rent Corp's other long-term assets for the quarter that ended in Aug. 2014 was $23.8 Mil.
Electro Rent Corp's quarterly other long-term assets increased from Feb. 2014 ($21.8 Mil) to May. 2014 ($22.2 Mil) and increased from May. 2014 ($22.2 Mil) to Aug. 2014 ($23.8 Mil).
Electro Rent Corp's annual other long-term assets declined from May. 2012 ($23.3 Mil) to May. 2013 ($21.3 Mil) but then increased from May. 2013 ($21.3 Mil) to May. 2014 ($22.2 Mil).
Assets are presented on the balance sheet in order of their liquidity. If a company expects to sell or otherwise recognize the economic value of an asset within one year, the asset is generally classified as a current asset on the balance sheet. Cash on hand is a common current asset.
A long-term asset is an asset that a company expects to sell or otherwise recognize the economic value of after more than one year. Property, plant and equipment, and intangible assets are common long-term assets. Except those two items and current assets, the others we treated as "Other Long Term Assets".
Electro Rent Corp Annual Data
|Other Long-Term Assets||3.3||4.3||5.7||5.4||7.2||12.4||19.8||23.3||21.3||22.2|
Electro Rent Corp Quarterly Data
|Other Long-Term Assets||23.3||21.7||17.4||17.7||21.3||16.5||15.5||21.8||22.2||23.8|