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Air Products & Chemicals Inc (NYSE:APD)
Other Current Assets
$434 Mil (As of Mar. 2017)

Air Products & Chemicals Inc's other current assets for the quarter that ended in Mar. 2017 was $434 Mil.

Air Products & Chemicals Inc's quarterly other current assets increased from Sep. 2016 ($756 Mil) to Dec. 2016 ($1,499 Mil) but then declined from Dec. 2016 ($1,499 Mil) to Mar. 2017 ($434 Mil).

Air Products & Chemicals Inc's annual other current assets declined from Sep. 2014 ($766 Mil) to Sep. 2015 ($523 Mil) but then increased from Sep. 2015 ($523 Mil) to Sep. 2016 ($756 Mil).


Definition

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.


Related Terms

Total Current Assets


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Air Products & Chemicals Inc Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
Other Current Assets 753514505606590630738766523756

Air Products & Chemicals Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Other Current Assets 7588447645235466956907561,499434
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