Forte Energy NL (ASX:FTE) Other Current Assets: A$0.06 Mil (As of Dec. 2016)


What is Forte Energy NL Other Current Assets?

Forte Energy NL ASX:FTE Other Current Assets is A$0.06 Mil as of Dec. 2016. The stock has 6 warning signs investors should review.

Forte Energy NL's other current assets for the quarter that ended in Dec. 2016 was A$0.06 Mil.

Forte Energy NL's quarterly other current assets declined from Dec. 2015 (A$0.07 Mil) to Jun. 2016 (A$0.00 Mil) but then increased from Jun. 2016 (A$0.00 Mil) to Dec. 2016 (A$0.06Mil).

Forte Energy NL's annual other current assets declined from Jun. 2014 (A$0.11 Mil) to Jun. 2015 (A$0.05 Mil) declined from Jun. 2015 (A$0.05 Mil) to Jun. 2016 (A$0.00 Mil).

Forte Energy NL Other Current Assets Related Terms

Forte Energy NL Other Current Assets Historical Data

* Premium members only.

The historical data trend for Forte Energy NL'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.

Forte Energy NL Other Current Assets Chart

Forte Energy NL Annual Data
Trend Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13 Jun14 Jun15 Jun16
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.41 0.25 0.11 0.05 0.00

Forte Energy NL Semi-Annual Data
Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16
Other Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.36 0.05 0.07 0.00 0.06

Forte Energy NL 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.

Frequently Asked Questions Learn more about Other Current Assets →
What does a Other Current Assets of A$0.06 Mil mean?
Forte Energy NL (ASX:FTE) has a Other Current Assets of A$0.06 Mil as of Dec. 2016. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Forte Energy NL.
Is Forte Energy NL's Other Current Assets too high?
Forte Energy NL's current Other Current Assets is A$0.06 Mil.
How does Forte Energy NL's Other Current Assets compare to ZIMCF and MCCX?
Forte Energy NL's Other Current Assets of A$0.06 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Current Assets for a Software company?
A good Other Current Assets depends on the Software industry context. However, Other Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Current Assets mean?
A high Other Current Assets can signal that a stock is expensive relative to its fundamentals. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Forte Energy NL. Forte Energy NL's current Other Current Assets is A$0.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forte Energy NL stock overvalued right now?
Forte Energy NL (ASX:FTE) has a current Other Current Assets of A$0.06 Mil. The current Other Current Assets is A$0.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Current Assets calculated?
Other Current Assets is calculated from a company's financial statements. For Forte Energy NL (ASX:FTE), the current Other Current Assets is A$0.06 Mil as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Forte Energy NL Business Description

BOS Global Holdings Ltd is an Australian software company which focuses on creating enterprise productivity solutions for the global workforce market. Its products include BOS360 Work Patterns, BOSMeet, BOSTime, and BOSAutomate. The BOS360 Work Patterns captures a digital footprint of worker's activity and presents it in a visual and powerful format that offers awareness driving efficiency and productive behavior; the BOSMeet is meeting management software; the BOSTime is automatic time an activity tracker; and the BOSAutomate is a complete document and records management suite which offers document management and electronic records management. The company serves its customer in Australia, Asia, UK, Europe and North America.