InterOil (InterOil) Other Current Assets : $13.28 Mil (As of Sep. 2016)

View and export this data going back to 2004. Start your Free Trial

What is InterOil Other Current Assets?

InterOil's other current assets for the quarter that ended in Sep. 2016 was $13.28 Mil.

InterOil's quarterly other current assets declined from Mar. 2016 ($17.97 Mil) to Jun. 2016 ($13.62 Mil) and declined from Jun. 2016 ($13.62 Mil) to Sep. 2016 ($13.28Mil).

InterOil's annual other current assets declined from Dec. 2013 ($45.33 Mil) to Dec. 2014 ($13.02 Mil) increased from Dec. 2014 ($13.02 Mil) to Dec. 2015 ($18.52 Mil).

InterOil Other Current Assets Historical Data

The historical data trend for InterOil'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.

* Premium members only.

InterOil Other Current Assets Chart

InterOil Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Other Current Assets

Get a 7-Day Free Trial

39.92

46.93

45.33

13.02

18.52

InterOil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Other Current Assets	Get a 7-Day Free Trial															11.07	18.52	17.97	13.62	13.28

InterOil 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.

InterOil Other Current Assets Related Terms

Thank you for viewing the detailed overview of InterOil's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

InterOil (InterOil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » InterOil Corp (NYSE:IOC) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.interoil.com

InterOil Corp is incorporated and domiciled in Canada and continued under the Business Corporations Act on August 24, 2007. The Company, together with its subsidiaries, is engaged in the exploration and production of oil and gas properties in Papua New Guinea and its surrounding region. Its operations are organized into four business segments: Upstream, Midstream, Downstream and Corporate. Upstream segment explores, appraises and develops hydrocarbon structures in Papua New Guinea with a view to commercializing, monetizing and developing oil and gas structures through production facilities. Midstream segment produces refined petroleum products at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export markets. Downstream segment markets and distributes refined petroleum products domestically in Papua New Guinea on a wholesale and retail basis. Corporate segment provides support to the other business segments by engaging in business development and improvement activities and providing general and administrative services and management, undertakes financing and treasury activities, and is responsible for government affairs and investor relations. Corporate segment also manages Company's shipping business which operates two vessels transporting petroleum products within Papua New Guinea and South Pacific. The Company sells jet fuel, diesel and gasoline to domestic distributors in Papua New Guinea. The Company's main domestic customer is its Downstream distribution business segment, however the Company also distribute fuel products to Niugini Oil Company, Islands Petroleum, Exxon Mobil and Bige Petroleum. The Company's main competitor in the wholesale and retail distribution business in Papua New Guinea is ExxonMobil. The Company also competes with smaller local distributors of petroleum products. The Company is subject to an environmental law regime.