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Absci's other current assets for the quarter that ended in Jun. 2024 was $19.90 Mil.
Absci's quarterly other current assets declined from Dec. 2023 ($20.73 Mil) to Mar. 2024 ($20.21 Mil) and declined from Mar. 2024 ($20.21 Mil) to Jun. 2024 ($19.90Mil).
Absci's annual other current assets increased from Dec. 2021 ($19.09 Mil) to Dec. 2022 ($20.88 Mil) declined from Dec. 2022 ($20.88 Mil) to Dec. 2023 ($20.73 Mil).
The historical data trend for Absci'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.
Absci Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Other Current Assets | 0.34 | 1.77 | 19.09 | 20.88 | 20.73 |
Absci Quarterly Data | |||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Other Current Assets | Get a 7-Day Free Trial | 20.29 | 20.43 | 20.73 | 20.21 | 19.90 |
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 Absci's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Frans Van Houten | director | 18105 SE MILL PLAIN BLVD, VANCOUVER WA 98683 |
Daniel A Rabinovitsj | director | 400 W CESAR CHAVEZ, AUSTIN TX 78701 |
Andreas Busch | director | C/O CYCLERION THERAPEUTICS, INC., 301 BINNEY STREET, CAMBRIDGE MA 02142 |
Sarah Korman | officer: General Counsel | 18105 SE MILL PLAIN BLVD, VANCOUVER WA 98660 |
Todd Bedrick | officer: VP, CCPAO | 18105 SE MILL PLAIN BLVD, VANCOUVER WA 98683 |
Joseph Sirosh | director | C/O COMPASS, INC., 155 AVENUE OF THE AMERICAS, SIXTH FLOOR, NEW YORK NY 10013 |
Sean Mcclain | director, 10 percent owner, officer: President and Chief Executive | 18105 SE MILL PLAIN BLVD, SUITE 350, VANCOUVER WA 98683 |
Zachariah Jonasson | director | 18105 SE MILL PLAIN BLVD, VANCOUVER WA 98683 |
Eli Casdin | director, 10 percent owner | 1350 AVENUE OF THE AMERICAS, SUITE 1140, NEW YORK NY 10019 |
Casdin Partners Master Fund, L.p. | director, 10 percent owner | WALKER HOUSE, 87 MARY STREET, GEORGE TOWN E9 KY1-9001 |
Redmile Group, Llc | director, 10 percent owner | ONE LETTERMAN DRIVE, BUILDING D, SUITE D3-300, SAN FRANCISCO CA 94129 |
Karen K Mcginnis | director | INSIGHT ENTERPRISES INC, 1305 WEST AUTO DRIVE, TEMPE AZ 85284 |
Redmile Biopharma Investments Ii, L.p. | director, 10 percent owner | LETTERMAN DIGITAL ARTS CENTER, ONE LETTERMAN DRIVE, SUITE D3-300, SAN FRANCISCO CA 94129 |
Phoenix General Partner Ii Llc | 10 percent owner | 1700 S. EL CAMINO REAL, SUITE 335, SAN MATEO CA 94402 |
Nikhil Goel | officer: Chief Business Officer | 101 E. 6TH STREET, SUITE 350, VANCOUVER WA 98660 |
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