Diamond S Shipping Group (Diamond S Shipping Group) Other Current Assets : $2.27 Mil (As of Mar. 2013)

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What is Diamond S Shipping Group Other Current Assets?

Diamond S Shipping Group's other current assets for the quarter that ended in Mar. 2013 was $2.27 Mil.

Diamond S Shipping Group's quarterly other current assets increased from . 20 ($0.00 Mil) to Mar. 2012 ($2.96 Mil) but then declined from Mar. 2012 ($2.96 Mil) to Mar. 2013 ($2.27Mil).

Diamond S Shipping Group's annual other current assets increased from . 20 ($0.00 Mil) to Mar. 2012 ($2.96 Mil) declined from Mar. 2012 ($2.96 Mil) to Mar. 2013 ($2.27 Mil).

Diamond S Shipping Group Other Current Assets Historical Data

The historical data trend for Diamond S Shipping Group'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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Diamond S Shipping Group Other Current Assets Chart

Diamond S Shipping Group Annual Data

Trend

Mar12

Mar13

Other Current Assets

2.96

2.27

Diamond S Shipping Group Semi-Annual Data
	Mar12	Mar13
Other Current Assets	2.96	2.27

Diamond S Shipping Group 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.

Diamond S Shipping Group Other Current Assets Related Terms

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Diamond S Shipping Group (Diamond S Shipping Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Diamond S Shipping Group Inc (NYSE:DSG) » Definitions » Other Current Assets

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Traded in Other Exchanges

N/A

Address

Website

http://www.diamondsshipping.com

Diamond S Shipping Group Inc, is incorporated in Marshall Islands on July 31, 2013. The Company provides seaborne transportation of refined petroleum and other products in the international shipping markets. The Company is the owners and operators of medium range, or MR, product tankers. The Company's fleet currently consists of 33 MR product tankers built at Korean and Japanese shipyards. The Company competes on basis of price, vessel location, size, age and condition of the vessel. The Company is subject to various international conventions, national, state and local laws and regulations in the countries in which its vessels may operate or are registered.