Oxbridge Acquisition (Oxbridge Acquisition) Other Current Assets : $12.97 Mil (As of Mar. 2023)

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What is Oxbridge Acquisition Other Current Assets?

Oxbridge Acquisition's other current assets for the quarter that ended in Mar. 2023 was $12.97 Mil.

Oxbridge Acquisition's quarterly other current assets declined from Sep. 2022 ($0.02 Mil) to Dec. 2022 ($-0.00 Mil) but then increased from Dec. 2022 ($-0.00 Mil) to Mar. 2023 ($12.97Mil).

Oxbridge Acquisition's annual other current assets stayed the same from . 20 ($0.00 Mil) to Dec. 2021 ($0.00 Mil) declined from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($-0.00 Mil).

Oxbridge Acquisition Other Current Assets Historical Data

The historical data trend for Oxbridge Acquisition'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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Oxbridge Acquisition Other Current Assets Chart

Oxbridge Acquisition Annual Data

Trend

Dec21

Dec22

Other Current Assets

Oxbridge Acquisition Quarterly Data
	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Other Current Assets	Get a 7-Day Free Trial			0.05	0.06	0.02	-	12.97

Oxbridge Acquisition 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.

Oxbridge Acquisition Other Current Assets Related Terms

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Oxbridge Acquisition (Oxbridge Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oxbridge Acquisition Corp (NAS:OXAC) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

42 Edward Street, Georgetown, Suite 201, P.O. Box 469, Grand Cayman, CYM, KY1-9006

Website

https://oxbridgeaq.com

Oxbridge Acquisition Corp is a blank check company.

Executives

Patrick Mcnulty	officer: Chief Operating Officer	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
George Iii Murnane	director, officer: INTERIM CFO	1945 AIRPORT ROAD SUIRE 200, ATLANTA GA 30341
Ehud Talmor	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Ran David	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Michael D. Winston	director, officer: EXEC. CHAIRMAN & INTERIM CEO	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Donald Jeffrey Woods	director	10845 GRIFFITH PEAK DRIVE, SUITE 200, LAS VEGAS NV 89135
Owl Creek Asset Management, L.p.	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Jeffrey A Altman	10 percent owner	640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
William L Yankus	director	10 PHEASANT HILL, FARMINGTON CT 06032
Allan S. Martin	director	401 EAST JACKSON STREET, SUITE 2370, TAMPA FL 33601
Sanjay Madhu	director, officer: CEO, President and Chairman	425 EAST DAVIS BLVD., TAMPA FL 33606
Wrendon Timothy	director, officer: CFO, Treas., Sec'y & Director	P.O. BOX 469, CAMANA BAY E9 KY1-9006
Oac Sponsor Ltd.	10 percent owner	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006
Jason Tk Butcher	director	SUITE 201, 42 EDWARD STREET, GEORGE TOWN, GRAND CAYMAN E9 KY1-9006