Trine Acquisition (Trine Acquisition) Other Current Assets : $0.32 Mil (As of Sep. 2020)

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What is Trine Acquisition Other Current Assets?

Trine Acquisition's other current assets for the quarter that ended in Sep. 2020 was $0.32 Mil.

Trine Acquisition's quarterly other current assets declined from Mar. 2020 ($0.35 Mil) to Jun. 2020 ($0.34 Mil) and declined from Jun. 2020 ($0.34 Mil) to Sep. 2020 ($0.32Mil).

Trine Acquisition's annual other current assets stayed the same from . 20 ($0.00 Mil) to Dec. 2018 ($0.00 Mil) increased from Dec. 2018 ($0.00 Mil) to Dec. 2019 ($0.43 Mil).

Trine Acquisition Other Current Assets Historical Data

The historical data trend for Trine Acquisition'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.

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Trine Acquisition Other Current Assets Chart

Trine Acquisition Annual Data

Trend

Dec18

Dec19

Other Current Assets

0.43

Trine Acquisition Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Other Current Assets	Get a 7-Day Free Trial			0.70	0.43	0.35	0.34	0.32

Trine Acquisition 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.

Trine Acquisition Other Current Assets Related Terms

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Trine Acquisition (Trine Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Trine Acquisition Corp (NYSE:TRNE) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Lexington Avenue, 48th Floor, The Chrysler Building, New York, NY, USA, 10174

Website

https://www.trineacquisitioncorp.com

Trine Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.