GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cadan Resources Corp (OTCPK:CADAF) » Definitions » Other Current Assets

Cadan Resources (Cadan Resources) Other Current Assets : $0.91 Mil (As of Sep. 2018)


View and export this data going back to . Start your Free Trial

What is Cadan Resources Other Current Assets?

Cadan Resources's other current assets for the quarter that ended in Sep. 2018 was $0.91 Mil.

Cadan Resources's quarterly other current assets increased from Mar. 2018 ($2.01 Mil) to Jun. 2018 ($2.39 Mil) but then declined from Jun. 2018 ($2.39 Mil) to Sep. 2018 ($0.91Mil).

Cadan Resources's annual other current assets increased from Dec. 2015 ($0.41 Mil) to Dec. 2016 ($0.76 Mil) increased from Dec. 2016 ($0.76 Mil) to Dec. 2017 ($1.09 Mil).


Cadan Resources Other Current Assets Historical Data

The historical data trend for Cadan Resources'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.

* Premium members only.

Cadan Resources Other Current Assets Chart

Cadan Resources Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.44 0.41 0.76 1.09

Cadan Resources Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Other Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 1.09 2.01 2.39 0.91

Cadan Resources Other Current Assets Calculation

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.


Cadan Resources Other Current Assets Related Terms

Thank you for viewing the detailed overview of Cadan Resources's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Cadan Resources (Cadan Resources) Business Description

Traded in Other Exchanges
N/A
Address
666 Burrard Street, Suite 600, Vancouver, BC, CAN, V6C 3P6
Rizal Resources Corp is engaged in the exploration of natural resource properties located in the Philippines. Its properties include T'Boli Gold Mine Project, Batoto Gold Project, and Comval Copper-Gold Project. It operates through resource property exploration segment. It is focused on the development, exploration and production activities at the T'Boli gold-silver mine. Its material mineral properties are the T'Boli gold-silver deposit, the Batoto-Tarale gold prospect, and the Comval copper-gold deposits. The Batoto Gold Project offers excellent discovery opportunities for gold and gold-copper that will complement the T'Boli gold mining operation.

Cadan Resources (Cadan Resources) Headlines

From GuruFocus

T'boli Mine Site Fatality

By GlobeNewswire GlobeNewswire 05-29-2018