Aquantia (Aquantia) Other Current Assets : $1.43 Mil (As of Jun. 2019)

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What is Aquantia Other Current Assets?

Aquantia's other current assets for the quarter that ended in Jun. 2019 was $1.43 Mil.

Aquantia's quarterly other current assets declined from Dec. 2018 ($2.02 Mil) to Mar. 2019 ($1.80 Mil) and declined from Mar. 2019 ($1.80 Mil) to Jun. 2019 ($1.43Mil).

Aquantia's annual other current assets increased from Dec. 2016 ($1.61 Mil) to Dec. 2017 ($5.62 Mil) declined from Dec. 2017 ($5.62 Mil) to Dec. 2018 ($2.02 Mil).

Aquantia Other Current Assets Historical Data

The historical data trend for Aquantia'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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Aquantia Other Current Assets Chart

Aquantia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Other Current Assets

3.52

1.61

5.62

2.02

Aquantia Quarterly Data
	Dec14	Dec15	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Other Current Assets	Get a 7-Day Free Trial									2.71	2.41	2.02	1.80	1.43

Aquantia 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.

Aquantia Other Current Assets Related Terms

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Aquantia (Aquantia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Aquantia Corp (NYSE:AQ) » Definitions » Other Current Assets

Traded in Other Exchanges

N/A

Address

105 E. Tasman Drive, San Jose, CA, USA, 95134

Website

https://www.aquantia.com

Aquantia Corp is engaged in designing, development, and marketing of high-speed communications integrated circuits, (IC), for Ethernet connectivity in the data center, enterprise infrastructure, and access markets. The Ethernet solutions provide a critical interface between the high-speed analog signals transported over wired infrastructure and the digital information used in computing and networking equipment. The company focuses on delivering leading-edge data speeds for use in the latest generation of communications infrastructure to alleviate network bandwidth bottlenecks caused by the exponential growth of Internet Protocol (IP), traffic. It serves mainly three primary markets the data center, the enterprise infrastructure and access.

Executives

Pirooz Parvarandeh	officer: Chief Operating Officer
Geoffrey G Ribar	director
Bami Bastani	director
Maximiliane C Straub	director	14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344
Sam Srinivasan	director	C/O AQUANTIA CORP, 105 TASMAN DRIVE SAN JOSE CA 95134
Dmitry Akhanov	director	2911 ZANKER ROAD SAN JOSE CA 95134
Mark Voll	officer: CHIEF FINANCIAL OFFICER	C/O AQUANTIA CORP., 105 EAST TASMAN DRIVE, SAN JOSE CA 95134
Lip Bu Tan	director, 10 percent owner	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Cisco Systems Inc	10 percent owner	170 WEST TASMAN DR, SAN JOSE CA 95134-1706
Usnano	10 percent owner	10A 60-LETIYA OKTYABRYA PROSPECT, MOSCOW 1Z 117036