Switch to:
PowerShares QQQ Trust Series 1  (NAS:QQQ) Other Current Assets: $0.00 Mil (As of . 20)

PowerShares QQQ Trust Series 1's other current assets for the quarter that ended in . 20 was $0.00 Mil.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

PowerShares QQQ Trust Series 1 Annual Data

Other Current Assets

PowerShares QQQ Trust Series 1 Semi-Annual Data

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.


Related Terms


Headlines

From the Internet

QQQ
Asterisk Real Median Household Income

- Seekingalpha 2017-09-20 16:29:04

QQQ
U S Business Cycle Risk Report 20 September 2017

- Seekingalpha 2017-09-20 15:31:10

QQQ
Growth Cost

- Seekingalpha 2017-09-20 14:23:41

QQQ
Quantitative Easing Unwind Impact

- Seekingalpha 2017-09-20 13:26:43

QQQ
Fed Day Follies Dollar Falls Anticipation Free Money

- Seekingalpha 2017-09-20 11:59:20

QQQ
U S Household Incomes 50 Year Perspective

- Seekingalpha 2017-09-20 07:48:11

QQQ
Wall Street Breakfast Fed

- Seekingalpha 2017-09-20 06:49:18

QQQ
Myths Markets Easy Money

- Seekingalpha 2017-09-20 06:10:19

QQQ
Storm Coming

- Seekingalpha 2017-09-20 05:22:04

QQQ
Another Worrying Record U S Stocks

- Seekingalpha 2017-09-20 04:22:09

QQQ
Equities Continue Storm Higher Risks Rise Crescendo

- Seekingalpha 2017-09-19 19:04:42

QQQ
Egregious Miscalculation

- Seekingalpha 2017-09-19 19:02:03

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK