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Arrow Exploration (Arrow Exploration) Other Current Assets : $0.34 Mil (As of Sep. 2023)


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What is Arrow Exploration Other Current Assets?

Arrow Exploration's other current assets for the quarter that ended in Sep. 2023 was $0.34 Mil.

Arrow Exploration's quarterly other current assets declined from Mar. 2023 ($0.49 Mil) to Jun. 2023 ($0.41 Mil) and declined from Jun. 2023 ($0.41 Mil) to Sep. 2023 ($0.34Mil).

Arrow Exploration's annual other current assets declined from Dec. 2020 ($0.34 Mil) to Dec. 2021 ($0.32 Mil) increased from Dec. 2021 ($0.32 Mil) to Dec. 2022 ($0.37 Mil).


Arrow Exploration Other Current Assets Historical Data

The historical data trend for Arrow Exploration'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.

Arrow Exploration Other Current Assets Chart

Arrow Exploration Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.88 0.27 0.34 0.32 0.37

Arrow Exploration Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.37 0.49 0.41 0.34

Arrow Exploration 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.


Arrow Exploration Other Current Assets Related Terms

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Arrow Exploration (Arrow Exploration) Business Description

Traded in Other Exchanges
Address
333 - 11th Avenue SW, 1430, Calgary, CAN, T2R 1L9
Arrow Exploration Corp is engaged in oil exploration, development and production, and the acquisition of oil and gas properties. It operates in Colombia and Western Canada. Some of the company's assets are Tapir Block and Santa Isabel. The Canada segment of the company is referred to as Corporate Segment. The company's revenues are majorly derived from Oil Sales.

Arrow Exploration (Arrow Exploration) Headlines

From GuruFocus

Arrow Announces New Interim CEO Appointment

By GlobeNewswire GlobeNewswire 12-18-2019

Arrow Announces Termination of Market-Making Agreement

By GlobeNewswire GlobeNewswire 12-06-2019

Arrow Exploration Announces Closing of the Sale of the LLA-23 Block

By GlobeNewswire GlobeNewswire 12-30-2020

Arrow Appoints New Chairman

By GlobeNewswire GlobeNewswire 01-16-2020