Global Lighting Technologies (TPE:4935) Other Current Assets

Global Lighting Technologies 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:

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.

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Global Lighting Technologies (TPE:4935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Global Lighting Technologies Inc (TPE:4935) » Definitions » Other Current Assets

Comparable Companies

TPE:4960 ROCO:8155 ROCO:8183 ROCO:3362 TPE:1582 TPE:3563 TPE:2486 ROCO:6284 ROCO:5233 TPE:3305 TPE:2317 NYSE:APH NYSE:TEL TSE:6981 SZSE:002475 XKRX:006400 NYSE:GLW SZSE:000725 TPE:2308 HKSE:02382

Traded in Other Exchanges

N/A

Address

No. 1149, Sec. 3, Min-Chuan Road, Chung-Li City, TWN

Website

https://www.glthome.com

Global Lighting Technologies Inc develops and manufactures display backlights and moulded lighting solutions. It offers lighting solutions for decorative, graphics and logos, keyboard and keypad, LCD, luminaires, and user interface applications. The company primarily serves the automotive, consumer electronics, general lighting, instrumentation, and medical sector.