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CloudCoCo Group (LSE:CLCO) Other Current Assets : £1.59 Mil (As of Mar. 2024)


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What is CloudCoCo Group Other Current Assets?

CloudCoCo Group's other current assets for the quarter that ended in Mar. 2024 was £1.59 Mil.

CloudCoCo Group's quarterly other current assets declined from Mar. 2023 (£1.60 Mil) to Sep. 2023 (£1.55 Mil) but then increased from Sep. 2023 (£1.55 Mil) to Mar. 2024 (£1.59Mil).

CloudCoCo Group's annual other current assets increased from Sep. 2021 (£0.83 Mil) to Sep. 2022 (£1.59 Mil) declined from Sep. 2022 (£1.59 Mil) to Sep. 2023 (£1.55 Mil).


CloudCoCo Group Other Current Assets Historical Data

The historical data trend for CloudCoCo Group'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.

CloudCoCo Group Other Current Assets Chart

CloudCoCo Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.76 0.83 1.59 1.55

CloudCoCo Group Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
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 1.70 1.59 1.60 1.55 1.59

CloudCoCo 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:


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.


CloudCoCo Group Other Current Assets Related Terms

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CloudCoCo Group Business Description

Traded in Other Exchanges
Address
5 Fleet Place, London, GBR, EC4M 7RD
CloudCoCo Group PLC is a United Kingdom-based company engaged in being the provision of IT managed services ,Value Added Resale to customers. VAR is the resale of one-time solutions (hardware and software) from leading technology partners and Managed IT Services, which comprises recurring services and ongoing IT support often utilising the data centre locations, core network or technical skills at our disposal.