LGACU (Lazard Growth Acquisition I) Other Current Assets : $0.35 Mil (As of Sep. 2022)

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What is Lazard Growth Acquisition I Other Current Assets?

Lazard Growth Acquisition I's other current assets for the quarter that ended in Sep. 2022 was $0.35 Mil.

Lazard Growth Acquisition I's quarterly other current assets declined from Mar. 2022 ($0.87 Mil) to Jun. 2022 ($0.61 Mil) and declined from Jun. 2022 ($0.61 Mil) to Sep. 2022 ($0.35Mil).

Lazard Growth Acquisition I's annual other current assets stayed the same from . 20 ($0.00 Mil) to Dec. 2020 ($0.00 Mil) increased from Dec. 2020 ($0.00 Mil) to Dec. 2021 ($1.06 Mil).

Lazard Growth Acquisition I Other Current Assets Historical Data

The historical data trend for Lazard Growth Acquisition I'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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Lazard Growth Acquisition I Other Current Assets Chart

Lazard Growth Acquisition I Annual Data

Trend

Dec20

Dec21

Other Current Assets

1.06

Lazard Growth Acquisition I Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Other Current Assets	Get a 7-Day Free Trial			1.32	1.06	0.87	0.61	0.35

Lazard Growth Acquisition I 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.

Lazard Growth Acquisition I Other Current Assets Related Terms

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Lazard Growth Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Lazard Growth Acquisition Corp I (NAS:LGACU) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Rockefeller Plaza, New York, NY, USA, 10112

Website

https://lazardltd.gcs-web.com

Lazard Growth Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

Executives

Philip A Hadley	director	FACTSET RESEARCH SYSTEMS, ONE GREENWICH PLAZA, GREENWICH CT 06830
Alexander F. Stern	director, officer: EXECUTIVE CHAIRMAN	C/O LAZARD LTD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Adam T. Berlew	director	501 NORTH BROADWAY, ST. LOUIS MO 63102
Selina Tobaccowala	director	C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Noreen Henig	director	C/O KEZAR LIFE SCIENCES, INC., 4000 SHORELINE COURT, SUITE 300, SOUTH SAN FRANCISCO CA 94080
Lazard Ltd	director, 10 percent owner	CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM II
Lazard Group Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10020
Eyal Ofir	director, officer: CHIEF EXECUTIVE OFFICER	181 EDWARDS STREET, NEW HAVEN CT 06511
Pierre-yves Cros	director	C/O LAZARD, 30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Lgaco 1 Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112
Mary Ann Deignan	director, officer: CHIEF FINANCIAL OFFICER	30 ROCKEFELLER CENTER, LAZARD FRERES, NEW YORK NY 10112
Lga Holdco Llc	director, 10 percent owner	30 ROCKEFELLER PLAZA, NEW YORK NY 10112

Lazard Growth Acquisition I Headlines

From GuruFocus

Lazard Growth Acquisition Corp. I Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

By Business Wire Business Wire • 02-09-2023