IPSCO Tubulars (IPSCO Tubulars) Other Current Assets : $9.7 Mil (As of Sep. 2017)

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What is IPSCO Tubulars Other Current Assets?

IPSCO Tubulars's other current assets for the quarter that ended in Sep. 2017 was $9.7 Mil.

IPSCO Tubulars's quarterly other current assets declined from Dec. 2015 ($4.9 Mil) to Dec. 2016 ($4.4 Mil) but then increased from Dec. 2016 ($4.4 Mil) to Sep. 2017 ($9.7Mil).

IPSCO Tubulars's annual other current assets increased from . 20 ($0.0 Mil) to Dec. 2015 ($4.9 Mil) declined from Dec. 2015 ($4.9 Mil) to Dec. 2016 ($4.4 Mil).

IPSCO Tubulars Other Current Assets Historical Data

The historical data trend for IPSCO Tubulars'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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IPSCO Tubulars Other Current Assets Chart

IPSCO Tubulars Annual Data

Trend

Dec15

Dec16

Other Current Assets

4.93

4.39

IPSCO Tubulars Quarterly Data
	Dec15	Dec16	Sep17
Other Current Assets	4.93	4.39	9.70

IPSCO Tubulars 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.

IPSCO Tubulars Other Current Assets Related Terms

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IPSCO Tubulars (IPSCO Tubulars) Business Description

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GURUFOCUS.COM » STOCK LIST » IPSCO Tubulars Inc (NYSE:IPSC) » Definitions » Other Current Assets

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Address

Website

http://www.ipsco.com

IPSCO Tubulars Inc produces and supplies seamless and welded oil country tubular goods (OCTG) with a suite of connections to North American oil and gas exploration and production companies. The company's product portfolio comprises of seamless and welded line, standard and industrial pipes as well as line pipes and mechanical tubing. The firm's products are used in various applications such as machine building, power generation, automobile production, agricultural, commercial construction and automotive industries. Geographically the company receives maximum revenue from the United States.