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Novavax's other current assets for the quarter that ended in Dec. 2023 was $236.4 Mil.
Novavax's quarterly other current assets declined from Jun. 2023 ($203.3 Mil) to Sep. 2023 ($162.4 Mil) but then increased from Sep. 2023 ($162.4 Mil) to Dec. 2023 ($236.4Mil).
Novavax's annual other current assets increased from Dec. 2021 ($176.1 Mil) to Dec. 2022 ($247.5 Mil) declined from Dec. 2022 ($247.5 Mil) to Dec. 2023 ($236.4 Mil).
The historical data trend for Novavax'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.
Novavax Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 10.92 | 275.14 | 176.14 | 247.45 | 236.45 |
Novavax 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 | 247.45 | 199.04 | 203.26 | 162.41 | 236.45 |
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 Novavax's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Filip Dubovsky | officer: President, R&D | C/O NOVAVAX INC., 21 FIRSTFIELD ROAD, GAITHERSBURG MD 20878 |
Gregory M Glenn | officer: President, R&D | 20 FIRSTFIELD ROAD, #250, GAITHERSBURG MD 20878 |
Elaine O'hara | officer: EVP, Chief Strategy Officer | 333 NORTH WARREN AVENUE, MALVERN PA 19355 |
John C Jacobs | director, officer: President and CEO | 630 W. GERMANTOWN PIKE, SUITE 215, PLYMOUTH MEETING PA 19462 |
Richard J Rodgers | director | C/O TESARO, INC., 1000 WINTER ST., STE 3300, WALTHAM MA 02451 |
James F Young | director | ONE MEDIMMUNE WAY, GAITHERSBURG MD 20878 |
Herrmann John A Iii | officer: SVP, General Counsel | C/O NOVAVAX, INC., 20 FIRSTFIELD ROAD, GAITHERSBURG MD 20878 |
Stanley C Erck | director, officer: President and CEO | 20 FIRSTFIELD ROAD, #250, GAITHERSBURG MD 20878 |
John Trizzino | officer: SVP, CBO and CFO | 9920 BELWARD CAMPUS DRIVE, ROCKVILLE MD 20850 |
David M Mott | director | 1119 ST. PAUL STREET, BALTIMORE MD 21202 |
James Patrick Kelly | officer: EVP, CFO and Treasurer | C/O SUPERNUS PHARMACEUTICALS, INC., 9715 KEY WEST AVENUE, ROCKVILLE MD 20850 |
Gary C Evans | director | 1048 TEXAN TRAIL, GRAPEVINE TX 76051 |
Rachel K. King | director | C/O GLYCOMIMETICS, INC., 401 PROFESSIONAL DRIVE, SUITE 250, GAITHERSBURG MD 20879 |
Mcmanus Michael A Jr | director | 241-02 NORTHERN BLVD, DOUGLASTON NY 11362 |
Margaret G Mcglynn | director | C/O MERCK & CO INC, ONE MERCK DRIVE PO BOX 100, WHITEHOUSE STATION NJ 08889-0100 |
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