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NGL Energy Partners LP's other current assets for the quarter that ended in Dec. 2023 was $123 Mil.
NGL Energy Partners LP's quarterly other current assets increased from Jun. 2023 ($84 Mil) to Sep. 2023 ($138 Mil) but then declined from Sep. 2023 ($138 Mil) to Dec. 2023 ($123Mil).
NGL Energy Partners LP's annual other current assets increased from Mar. 2021 ($109 Mil) to Mar. 2022 ($159 Mil) declined from Mar. 2022 ($159 Mil) to Mar. 2023 ($98 Mil).
The historical data trend for NGL Energy Partners LP'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.
NGL Energy Partners LP Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 646.90 | 101.98 | 109.16 | 159.49 | 98.09 |
NGL Energy Partners LP 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 | 135.98 | 98.09 | 84.34 | 137.59 | 123.29 |
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 NGL Energy Partners LP's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Bradley P Cooper | officer: CFO & EVP | 6120 S YALE AVE SUITE 805, TULSA OK 74136 |
H Michael Krimbill | director, officer: CEO | 8801 S YALE STE 310, TULSA OK 74137 |
Derek S Reiners | director | 100 W. 5TH ST., TULSA OK 74103 |
James M Collingsworth | director | 1100 LOUISIANA 10TH FLOOR, HOUSTON TX 77002 |
John Ciolek | officer: Exec. Vice President | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Kurston Patrick Mcmurray | officer: GC, SVP and Secretary | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Linda J Bridges | officer: CFO & EVP | 6120 S. YALE AVE., SUITE 805, TULSA OK 74136 |
Eig Neptune Equity Aggregator, L.p. | 10 percent owner | 600 NEW HAMPSHIRE AVE NW, SUITE 1200, WASHINGTON DC 20037 |
Karlovich Robert W Iii | officer: CFO, Exec. VP and Treasurer | ATLAS PIPELINE PARTNERS, GP, 110 W. 7TH, SUITE 2300, TULSA OK 74119 |
Brian P. Boland | director | 1700 PENNSYLVANIA AVE NW, SUITE 800, WASHINGTON DC 20006 |
John T Raymond | 10 percent owner | THE ENERGY & MINERALS GROUP, 811 MAIN STREET, SUITE 4200, HOUSTON TX 77002 |
Highstar Capital Ngl Co-invest Manager Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Highstar Ngl Main Interco Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Highstar Capital Gp Iv Holdings | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Ngl Civ A, Llc | 10 percent owner | 1301 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
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