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TransAtlantic Petroleum's other current assets for the quarter that ended in Sep. 2020 was $13.25 Mil.
TransAtlantic Petroleum's quarterly other current assets increased from Mar. 2020 ($12.38 Mil) to Jun. 2020 ($12.51 Mil) and increased from Jun. 2020 ($12.51 Mil) to Sep. 2020 ($13.25Mil).
TransAtlantic Petroleum's annual other current assets increased from Dec. 2017 ($3.87 Mil) to Dec. 2018 ($8.70 Mil) increased from Dec. 2018 ($8.70 Mil) to Dec. 2019 ($12.38 Mil).
The historical data trend for TransAtlantic Petroleum'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.
TransAtlantic Petroleum Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 70.30 | 32.53 | 3.87 | 8.70 | 12.38 |
TransAtlantic Petroleum Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Other Current Assets | Get a 7-Day Free Trial | 12.72 | 12.38 | 12.38 | 12.51 | 13.25 |
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 TransAtlantic Petroleum's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary E West | other: See REMARKS | 1603 ORRINGTON AVE STE 810 EVANSTON IL 60201 |
Mitchell Noah Malone Iii | director, 10 percent owner, officer: Chief Executive Officer | 16803 DALLAS PARKWAY, ADDISON TX 75001 |
West Family Investments, Inc. | other: See REMARKS | 1603 ORRINGTON AVE, SUITE 810 EVANSTON IL 60201 |
Randy Rochman | director | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Jonathon Fite | director | 16803 DALLAS PARKWAY ADDISON TX 75001 |
West Investment Holdings, Llc | 10 percent owner, other: See REMARKS | 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201 |
Gary West | other: See REMARKS | 1603 ORRINGTON AVE., SUITE 810 EVANSTON IL 60201 |
Todd Dutton | officer: President | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Tabitha Bailey | officer: VP & General Counsel | 16803 DALLAS PARKWAY, ADDISON TX 75001 |
Michael Paul Hill | officer: Chief Accounting Officer | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Selami Uras | officer: Executive VP Turkey | 16803 N. DALLAS PARKWAY ADDISON TX 75001 |
David Gerald Mitchell | officer: Vice President Engineering | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Galo Fabian Anda | officer: Principal Accounting/Financial | 16803 DALLAS PARKWAY ADDISON TX 75001 |
Mel G Riggs | director | 1870 CORDELL COURT, SUITE 210, EL CAJON CA 92020 |
Charles J Campise | director |
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