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Spanish Broadcasting System's other current assets for the quarter that ended in Mar. 2021 was $6.8 Mil.
Spanish Broadcasting System's quarterly other current assets declined from Sep. 2020 ($4.0 Mil) to Dec. 2020 ($1.6 Mil) but then increased from Dec. 2020 ($1.6 Mil) to Mar. 2021 ($6.8Mil).
Spanish Broadcasting System's annual other current assets increased from Dec. 2018 ($5.0 Mil) to Dec. 2019 ($17.0 Mil) declined from Dec. 2019 ($17.0 Mil) to Dec. 2020 ($1.6 Mil).
The historical data trend for Spanish Broadcasting System'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.
Spanish Broadcasting System Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 6.60 | 2.89 | 4.97 | 17.01 | 1.56 |
Spanish Broadcasting System Quarterly Data | ||||||||||||||||||||
Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | |
Other Current Assets | Get a 7-Day Free Trial | 7.85 | 6.62 | 3.99 | 1.56 | 6.80 |
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 Spanish Broadcasting System's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jose I. Molina | officer: Chief Financial Officer | C/O 7007 NW 77TH AVENUE MIAMI FL 33166 |
Richard D. Lara | officer: See Remarks | 7007 NW 77TH AVENUE MIAMI FL 33166 |
Raul Alarcon | director, 10 percent owner, officer: Chairman, CEO & President | 7007 N.W. 77TH AVENUE MIAMI FL 33166 |
Jason L Shrinsk | director | |
Joseph A Garcia | director, officer: CFO, SR. EVP | 3191 CORAL WAY MIAMI FL 33145 |
Jose Antonio Villamil | director | 2601 SOUTH BAYSHORE DRIVE, PH II, COCONUT GROVE FL 33133 |
A. Yelen Mitchell | director | C/O SPANISH BROADCASTING SYSTEM, INC., 2601 S. BAYSHORE DR. PH2 COCONUT GROVE FL 33133 |
Manuel E. Machado | director | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII COCONUT GROVE FL 33133 |
Alberto Rodriguez | officer: Chief Revenue Officer of SBS | C/O 2601 S. BAYSHORE DRIVE PHII COCONUT GROVE FL 33133 |
Melanie Montenegro | other: EVP & General Counsel | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PHII FL 33133 |
Marko Radlovic | officer: Chief Revenue Officer | |
Antonio S Fernandez | director | 2601 S BAYSHORE DRIVE MIAMI FL 33133 |
Frank Flores | officer: Chief Revenue Officer | C/O SPANISH BROADCASTING SYSTEM, INC. PH II COCONUT GROVE FL 33133 |
Cynthia Hudson-fernandez | officer: Chief Creative Officer & EVP | C/O SPANISH BROADCASTING SYSTEM, INC. 2601 S. BAYSHORE DRIVE, PH II COCONUT GROVE FL 33133 |
Dan Mason | director | C/O SPANISH BROADCASTING SYSTEM INC 2801 SOUTH BAYSHORE DR PENTHOUSE #2 COCONUT GROVE FL 33133 |
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