Alteva's other current assets for the quarter that ended in Sep. 2015 was $2.39 Mil.
Alteva's quarterly other current assets
increased
from Mar. 2015 ($0.94 Mil) to Jun. 2015 ($1.64 Mil) and
increased
from Jun. 2015 ($1.64 Mil) to Sep. 2015 ($2.39Mil).
Alteva's annual other current assets
declined
from Dec. 2012 ($2.19 Mil) to Dec. 2013 ($0.88 Mil)
declined
from Dec. 2013 ($0.88 Mil) to Dec. 2014 ($0.70 Mil).
Alteva Other Current Assets Historical Data
The historical data trend for Alteva'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.
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.
Alteva Other Current Assets Related Terms
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Alteva Inc was incorporated in New York on January 16, 1902. The Company, together with its subsidiaries, is a provider of hosted Unified Communications as a Service "UCaaS" that enhances business productivity and efficiency. Its UCaaS solution integrates and optimizes cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce. Its cloud-based UCaaS solutions are focused on medium, large and enterprise markets, which are defined as 20-500 users per location. The Company also operates as a regional Incumbent Local Exchange Carrier "ILEC" in southern Orange County, New York and northern New Jersey. The Company operates in two segments; Unified Communications and Telephone. Its Telephone segment provides local and toll telephone service, high-speed broadband and fiber Internet access services and satellite video services to residential and business customers. Its Unified Communications Solutions offers a comprehensive managed solution including hosted voice and hybrid Session Initiation Protocol trunks, with integrated instant messaging, presence, unified messaging and video along with local, long distance and international communications services. Its Business Productivity Application integration is fully integrated with a variety of business productivity applications including Microsoft Office, and Google Apps for Business. Its Audio Conferencing and Web Collaboration Solutions offers a range of collaboration solutions including screen sharing and group audio and web conferencing for over 3,000 participants. Its Access Solutions offers a range of access solutions for businesses ranging from T1s to fiber connections and MPLS circuits and it works closely with various providers to coordinate installation and support the connectivity. Its Wholesale Services offers a packaged solution including infrastructure and services. Its Network Design and Management develop and support the implementation of customized network and voice solutions. Its Local network services include traditional dial tone that is used to make or to receive voice, fax or analog modem calls from a residence or business. Its Network access services connect a customer's telephone or other equipment to the transmission facilities of other carriers that provides long distance and other communications services. Its directory service group publishes and sells yellow and white page advertising in both print and online. The Company competes with both premise-based voice and video providers such as Avaya and Cisco, as well as cloud-based voice and UC providers such as 8x8, Inc., Verizon and Comcast; its directory services competes with Yellow Book, Verizon, Frontier, and CenturyLink; and it broadband internet and dial-up internet services competes with Cablevision in New York and Service Electric in New Jersey.
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