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CGBS (Crown LNG Holdings) Other Current Assets : $0.45 Mil (As of Jun. 2024)


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What is Crown LNG Holdings Other Current Assets?

Crown LNG Holdings's other current assets for the quarter that ended in Jun. 2024 was $0.45 Mil.

Crown LNG Holdings's quarterly other current assets increased from Jun. 2023 ($0.02 Mil) to Dec. 2023 ($0.30 Mil) and increased from Dec. 2023 ($0.30 Mil) to Jun. 2024 ($0.45Mil).

Crown LNG Holdings's annual other current assets declined from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.00 Mil) increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($0.30 Mil).

Crown LNG Holdings Other Current Assets Historical Data

The historical data trend for Crown LNG 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.

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Crown LNG Holdings Other Current Assets Chart

Crown LNG Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Other Current Assets
- - - 0.30

Crown LNG Holdings Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Other Current Assets Get a 7-Day Free Trial - - 0.02 0.30 0.45

Crown LNG 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.

Crown LNG Holdings Other Current Assets Related Terms

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Crown LNG Holdings Business Description

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Address
44 Esplanade, 3rd Floor, Saint Helier, JEY, JE4 9WG
Website
https://www.crownlng.com
Crown LNG Holdings Ltd is an LNG infrastructure company that seeks to provide natural gas liquefaction, storage, and re-gasification services. It focuses on enabling a stable and reliable supply of LNG to customers, especially in geographic areas where onshore or floating facilities may be difficult or less desirable as a result of harsh weather conditions, safety or environmental concerns, or cost. It specializes in the design and operation of offshore, all-weather LNG liquefication and re-gasification terminals, such as gravity-based structures. Through Its technologies and design, It believes it can deliver tailored LNG infrastructure suitable for energy-isolated locations, as well as provide critical LNG infrastructure to under-served markets around the world.