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Encore Capital Group's other current assets for the quarter that ended in Dec. 2023 was $42 Mil.
Encore Capital Group's quarterly other current assets increased from Jun. 2023 ($79 Mil) to Sep. 2023 ($84 Mil) but then declined from Sep. 2023 ($84 Mil) to Dec. 2023 ($42Mil).
Encore Capital Group's annual other current assets increased from Dec. 2021 ($46 Mil) to Dec. 2022 ($49 Mil) declined from Dec. 2022 ($49 Mil) to Dec. 2023 ($42 Mil).
The historical data trend for Encore Capital 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.
Encore Capital Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 28.09 | 62.57 | 46.26 | 48.64 | 41.65 |
Encore Capital Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 48.64 | 53.61 | 79.50 | 83.81 | 41.65 |
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:
The assets grouped under other current assets are most commonly:
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.
Thank you for viewing the detailed overview of Encore Capital Group's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jonathan C Clark | officer: Executive VP, CFO & Treasurer | 300 CONTINENTAL DRIVE, NEWARK DE 19713 |
Laura Olle | director | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
John Yung | officer: President, Intl. and Cabot | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
William C. Goings | director | 1015 A ST, TACOMA WA 98402 |
Andrew Eric Asch | officer: SVP, General Counsel | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92627 |
Ryan B Bell | officer: EVP and COO of MCM | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO, CA 92108 |
Gregory L. Call | officer: Sr. VP, GC & Secretary | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
Peter Reck | officer: Chief Accounting Officer | C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153 |
Wendy Hannam | director | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
Craig A. Buick | officer: Cabot Credit Management CEO | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
A. Knight Angela | director | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
Jeffrey Albert Hilzinger | director | 3 CEDAR RIDGE DRIVE, CHESTER NJ 07930 |
Jcf Iii Europe Holdings L.p. | 10 percent owner | C/O J.C. FLOWERS & CO., 767 FIFTH AVENUE, 23RD FLOOR, NEW YORK NY 10153 |
Ashish Masih | officer: EVP, US Debt Purchasing & Ops. | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
Kenneth J Stannard | officer: Cabot Credit Management CEO | 350 CAMINO DE LA REINA, SUITE 100, SAN DIEGO CA 92108 |
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