GRAM (Gold Flora) Other Current Assets: $12.4 Mil (As of Sep. 2024)


What is Gold Flora Other Current Assets?

Gold Flora GRAM -90.00% Other Current Assets is $12.4 Mil as of Sep. 2024.

Gold Flora's other current assets for the quarter that ended in Sep. 2024 was $12.4 Mil.

Gold Flora's quarterly other current assets declined from Mar. 2024 ($13.8 Mil) to Jun. 2024 ($11.9 Mil) but then increased from Jun. 2024 ($11.9 Mil) to Sep. 2024 ($12.4Mil).

Gold Flora's annual other current assets increased from . 20 ($0.0 Mil) to Dec. 2022 ($4.4 Mil) increased from Dec. 2022 ($4.4 Mil) to Dec. 2023 ($9.7 Mil).


Gold Flora Other Current Assets Related Terms


Gold Flora Other Current Assets Historical Data

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The historical data trend for Gold Flora'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.

Gold Flora Other Current Assets Chart

Gold Flora Annual Data
Trend Dec22 Dec23
Other Current Assets
4.40 9.72

Gold Flora Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Other Current Assets Get a 7-Day Free Trial Premium Member Only 8.15 9.72 13.81 11.89 12.38

Gold Flora 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.

Frequently Asked Questions Learn more about Other Current Assets →
What does a Other Current Assets of $12.4 Mil mean?
Gold Flora (GRAM) has a Other Current Assets of $12.4 Mil as of Sep. 2024. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Gold Flora.
Is Gold Flora's Other Current Assets too high?
Gold Flora's current Other Current Assets is $12.4 Mil.
How does Gold Flora's Other Current Assets compare to PM and MO?
Gold Flora's Other Current Assets of $12.4 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Other Current Assets for a Tobacco Products company?
A good Other Current Assets depends on the Tobacco Products industry context. However, Other Current Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Other Current Assets mean?
A high Other Current Assets can signal that a stock is expensive relative to its fundamentals. Other current assets as record on a company's balance sheet not categorized as standard assets. View historical data on Gold Flora. Gold Flora's current Other Current Assets is $12.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Flora stock overvalued right now?
Gold Flora (GRAM) has a current Other Current Assets of $12.4 Mil. The current Other Current Assets is $12.4 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Current Assets calculated?
Other Current Assets is calculated from a company's financial statements. For Gold Flora (GRAM), the current Other Current Assets is $12.4 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gold Flora Business Description

Address 3165 Red Hill Avenue, Costa Mesa, CA, USA, 92626
Gold Flora Corp is one of the few cannabis brands that is vertically integrated and woman-owned and operated. Gold Flora started with a mission to provide an easy and consistent way for consumers to enjoy cannabis. After years of hard work and a shared passion for the plant, Gold Flora has become a California powerhouse - with cultivation, manufacturing, extraction, distribution, retail, and a portfolio of brands that create an array of superior products that make a difference in people's lives. Its products include disposable vape pens and gold flora flowers.