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LMP Automotive Holdings's other current assets for the quarter that ended in Sep. 2021 was $18.7 Mil.
LMP Automotive Holdings's quarterly other current assets increased from Mar. 2021 ($11.9 Mil) to Jun. 2021 ($12.2 Mil) and increased from Jun. 2021 ($12.2 Mil) to Sep. 2021 ($18.7Mil).
LMP Automotive Holdings's annual other current assets increased from Dec. 2018 ($0.4 Mil) to Dec. 2019 ($0.8 Mil) declined from Dec. 2019 ($0.8 Mil) to Dec. 2020 ($0.7 Mil).
The historical data trend for LMP Automotive Holdings'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.
LMP Automotive Holdings Annual Data | |||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | |||||
Other Current Assets | 0.07 | 0.38 | 0.83 | 0.72 |
LMP Automotive Holdings Quarterly Data | |||||||||||||||
Dec17 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
Other Current Assets | Get a 7-Day Free Trial | 0.22 | 0.72 | 11.89 | 12.21 | 18.70 |
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 LMP Automotive Holdings's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Samer Tawfik | director, 10 percent owner, officer: President and CEO | C/O HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016 |
Svetlana Limburger | director | C/O LMP AUTOMOTIVE HOLDINGS, INC. 500 EAST BROWARD BLVD., SUITE 1900 FT. LAUDERDALE FL 33394 |
Richard Aldahan | officer: Chief Operating Officer | 500 EAST BROWARD BLVD. SUITE 1900 FL 33394 |
William G Cohen | director | 117 HARBOR ROAD WESTPORT CT 06880 |
Robert Bellaflores | officer: Chief Financial Officer | 500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394 |
Evan Bernstein | officer: Chief Financial Officer | 500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394 |
Keith Locker | director | C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402 |
Morris Robert J. Jr. | director | 4145 COLONEL VANDERHORST CIRCLE MT. PLEASANT SC 29466 |
Elias Nadim Nader | director | 2295 LEIGH AVENUE SAN JOSE CA 95124 |
Bryan Silverstein | officer: Chief Financial Officer | 601 NORTH STATE ROAD 7 PLANTATION FL 33317 |
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