BTQ Technologies (NEOE:BTQ) Other Current Assets : C$0.43 Mil (As of Sep. 2023)

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What is BTQ Technologies Other Current Assets?

BTQ Technologies's other current assets for the quarter that ended in Sep. 2023 was C$0.43 Mil.

BTQ Technologies's quarterly other current assets increased from Jan. 2023 (C$-0.00 Mil) to Jun. 2023 (C$0.62 Mil) but then declined from Jun. 2023 (C$0.62 Mil) to Sep. 2023 (C$0.43Mil).

BTQ Technologies's annual other current assets increased from . 20 (C$0.00 Mil) to Dec. 2021 (C$0.03 Mil) declined from Dec. 2021 (C$0.03 Mil) to Jan. 2022 (C$0.00 Mil).

BTQ Technologies Other Current Assets Historical Data

The historical data trend for BTQ Technologies'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.

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BTQ Technologies Other Current Assets Chart

BTQ Technologies Annual Data

Trend

Dec21

Jan22

Other Current Assets

0.03

BTQ Technologies Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Jan23	Jun23	Sep23
Other Current Assets	Get a 7-Day Free Trial			-	0.03	-	0.62	0.43

BTQ Technologies 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.

BTQ Technologies Other Current Assets Related Terms

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BTQ Technologies (NEOE:BTQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BTQ Technologies Corp (NEOE:BTQ) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

BTQQF:USA NG3:Germany

Address

700 West Georgia Street, 25th Floor, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.btq.li

BTQ Technologies Corp is home to a diverse team of builders with a shared interest in post-quantum technology. Its products include PQScale, Keelung, Kenting, and Qbyte. PQScale is a novel scaling technique for post-quantum cryptographic primitives. PQScale achieves transaction speed and cost savings by leveraging zero-knowledge proofs for transaction processing. Keelung is a Zero-Knowledge Toolkit for Fast, Private, and Secure Applications. Kenting has accelerated hardware devices for a variety of post-quantum cryptographic primitives. Kenting provides acceleration for NIST-compliant post-quantum cryptography, post-quantum zk-SNARKs, and eco-friendly mining hardware. Qbyte is a Quantum risk Calculator.