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Wowjoint Holdings (Wowjoint Holdings) Other Current Assets : $4.00 Mil (As of Dec. 2013)


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What is Wowjoint Holdings Other Current Assets?

Wowjoint Holdings's other current assets for the quarter that ended in Dec. 2013 was $4.00 Mil.

Wowjoint Holdings's quarterly other current assets increased from Dec. 2012 ($4.50 Mil) to Jun. 2013 ($6.38 Mil) but then declined from Jun. 2013 ($6.38 Mil) to Dec. 2013 ($4.00Mil).

Wowjoint Holdings's annual other current assets declined from Dec. 2011 ($7.24 Mil) to Dec. 2012 ($4.50 Mil) declined from Dec. 2012 ($4.50 Mil) to Dec. 2013 ($4.00 Mil).


Wowjoint Holdings Other Current Assets Historical Data

The historical data trend for Wowjoint Holdings'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.

* Premium members only.

Wowjoint Holdings Other Current Assets Chart

Wowjoint Holdings Annual Data
Trend Dec08 Dec10 Dec11 Dec12 Dec13
Other Current Assets
33.99 4.45 7.24 4.50 4.00

Wowjoint Holdings Quarterly Data
May08 Dec08 Jun09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Dec12 Jun13 Dec13
Other Current Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.51 9.57 4.50 6.38 4.00

Wowjoint Holdings 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.


Wowjoint Holdings Other Current Assets Related Terms

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Wowjoint Holdings (Wowjoint Holdings) Business Description

Traded in Other Exchanges
N/A
Address
No. 2 Xinfeng Road, Deshemengwai Street, 1108 A Block Tiancheng Mansion, Xicheng District, Beijing, CHN, 100088
Wowjoint Holdings Ltd provides infrastructure solutions for customized heavy duty lifting and carrying machinery used in large-scale projects. The company operates under the manufacture and marketing of non-standard heavy lifting and carrying equipment in China. The equipment and machinery are used in various engineering fields, such as bridge, road and railway construction, as well as in areas of heavy capacity lifting and transporting of concrete beams, boats, and shipping containers. Geographically all the operations are functioned through the region of China.

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