GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ventura Cannabis and Wellness Corp (OTCPK:CVHIF) » Definitions » Other Current Assets

Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Other Current Assets : $0.36 Mil (As of May. 2020)


View and export this data going back to 2015. Start your Free Trial

What is Ventura Cannabis and Wellness Other Current Assets?

Ventura Cannabis and Wellness's other current assets for the quarter that ended in May. 2020 was $0.36 Mil.

Ventura Cannabis and Wellness's quarterly other current assets declined from Nov. 2019 ($1.01 Mil) to Feb. 2020 ($0.47 Mil) and declined from Feb. 2020 ($0.47 Mil) to May. 2020 ($0.36Mil).

Ventura Cannabis and Wellness's annual other current assets declined from Feb. 2018 ($2.23 Mil) to Feb. 2019 ($1.03 Mil) declined from Feb. 2019 ($1.03 Mil) to Feb. 2020 ($0.47 Mil).


Ventura Cannabis and Wellness Other Current Assets Historical Data

The historical data trend for Ventura Cannabis and Wellness'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.

Ventura Cannabis and Wellness Other Current Assets Chart

Ventura Cannabis and Wellness Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Nov14 Nov15 Feb17 Feb18 Feb19 Feb20
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.67 1.09 2.23 1.03 0.47

Ventura Cannabis and Wellness Quarterly Data
May15 Aug15 Nov15 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
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 1.24 1.21 1.01 0.47 0.36

Ventura Cannabis and Wellness 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.


Ventura Cannabis and Wellness Other Current Assets Related Terms

Thank you for viewing the detailed overview of Ventura Cannabis and Wellness's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Traded in Other Exchanges
N/A
Address
800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017
Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.

Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Headlines

From GuruFocus