Franchise Group (Franchise Group) Other Current Assets : $228 Mil (As of Jun. 2023)

Franchise Group Other Current Assets Chart

Franchise Group Annual Data
	Trend	Apr13	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Dec20	Dec21	Dec22
Other Current Assets		Get a 7-Day Free Trial					14.37	9.68	57.02	393.63	328.71

Franchise Group Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Other Current Assets	Get a 7-Day Free Trial															376.42	377.03	328.71	327.61	227.70

Franchise Group 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:

The assets grouped under other current assets are most commonly:

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.

Franchise Group Other Current Assets Related Terms

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

Franchise Group (Franchise Group) Business Description