Zayo Group Holdings (Zayo Group Holdings) Other Current Assets : $125 Mil (As of Dec. 2019)

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What is Zayo Group Holdings Other Current Assets?

Zayo Group Holdings's other current assets for the quarter that ended in Dec. 2019 was $125 Mil.

Zayo Group Holdings's quarterly other current assets increased from Jun. 2019 ($122 Mil) to Sep. 2019 ($125 Mil) but then declined from Sep. 2019 ($125 Mil) to Dec. 2019 ($125Mil).

Zayo Group Holdings's annual other current assets increased from Jun. 2017 ($102 Mil) to Jun. 2018 ($146 Mil) declined from Jun. 2018 ($146 Mil) to Jun. 2019 ($122 Mil).

Zayo Group Holdings Other Current Assets Historical Data

The historical data trend for Zayo Group 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.

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Zayo Group Holdings Other Current Assets Chart

Zayo Group Holdings Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Other Current Assets

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171.30

78.00

102.30

145.60

122.10

Zayo Group Holdings Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Other Current Assets	Get a 7-Day Free Trial															100.80	114.50	122.10	125.10	124.90

Zayo Group Holdings 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.

Zayo Group Holdings Other Current Assets Related Terms

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Zayo Group Holdings (Zayo Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zayo Group Holdings Inc (NYSE:ZAYO) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1821 30th Street, Unit A, Boulder, CO, USA, 80301

Website

http://www.zayo.com

Zayo owns about 130,000 route miles of fiber, which underlies most of its business and is in over 400 markets throughout the U.S., Canada, and Europe. In its biggest segment, Fiber Solutions, Zayo leases dark fiber on long-term contracts primarily to communications service providers. In its Transport and Enterprise Networks segments, Zayo similarly leases fiber to customers to transport data, but it has a range of offerings over fiber that Zayo has lit, saving customers from having to activate and customize it themselves. Zayo also operates 50 U.S. data centers, provides cloud services, and owns a small Canadian telecom company, Allstream, that serves business customers. In 2018, Zayo announced its intention to split its business into two companies by the end of 2019.

Executives

Scott William Drake	director	9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Emily White	director	C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE, VANCOUVER A1 V6J 1C7
Yancey L. Spruill	director	1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503
Steven N Kaplan	director	1101 EAST 58TH STREET, CHICAGO IL 60637
Mary Catherine Morris	director	ARROW ELECTRONICS, INC., 9201 EAST DRY CREEK ROAD, CENTENNIAL CO 80112
Richard W. Connor	director	1625 17TH STREET, DENVER CO 80202
Nina Richardson	director	C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
Charlesbank Capital Partners Llc	10 percent owner	600 ATLANTIC AVENUE, BOSTON MA 02210
Oak Investment Partners Xii L P	10 percent owner	901 MAIN AVENUE, SUITE 600, NORWALK CT 06851
Michael W. Choe	director	C/O CHARLESBANK CAPITAL PARTNERS, 200 CLARENDON STREET, 54TH FLOOR, BOSTON MA 02109