Brown-Forman (Brown-Forman) Other Current Assets

: $419 Mil (As of Jan. 2024)

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Brown-Forman's other current assets for the quarter that ended in Jan. 2024 was $419 Mil.

Brown-Forman's quarterly other current assets declined from Jul. 2023 ($390 Mil) to Oct. 2023 ($367 Mil) but then increased from Oct. 2023 ($367 Mil) to Jan. 2024 ($419Mil).

Brown-Forman's annual other current assets increased from Apr. 2021 ($263 Mil) to Apr. 2022 ($277 Mil) increased from Apr. 2022 ($277 Mil) to Apr. 2023 ($289 Mil).

Brown-Forman Other Current Assets Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Other Current Assets

283.00

335.00

263.00

277.00

289.00

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Other Current Assets																311.00	289.00	390.00	367.00	419.00

Brown-Forman 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.

Brown-Forman Other Current Assets Related Terms

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Brown-Forman (Brown-Forman) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (NYSE:BF.B) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

BF.A:USA BF5A:Germany BF5B:Germany BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

Executives

Elizabeth M Brown	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Elizabeth A Smith	director	1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mark A. Clouse	director	C/O MONDELEZ INTERNATIONAL, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093
Jeremy J Shepherd	officer: VP, Pres, USA & Canada	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Crystal L Peterson	officer: SVP, Chief Inclusion Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Jan Singer	director	2 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10016
Timothy M Nall	officer: SVP CIO	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Leanne D Cunningham	officer: SVP, Chief Fin Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Matias Bentel	officer: SVP, Chief Brands Officer	850 DIXIE HWY, LOUISVILLE KY 40210
Kelli Nelson	officer: SVP, Chief Accounting Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Mike J. Keyes	officer: SVP, Chief Corporate Affairs	850 DIXIE HWY, LOUISVILLE KY 40210
Tracy L Skeans	director	1441 GARDINER LANE, LOUISVILLE KY 40213
John V. Hayes	officer: SVP, Chief Marketing Officer	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Michael Andrew Masick	officer: VP DIR CORP STRATEGY	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Kathleen M. Gutmann	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328