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Titan Logix (Titan Logix) Other Current Assets : $0.11 Mil (As of Feb. 2024)


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What is Titan Logix Other Current Assets?

Titan Logix's other current assets for the quarter that ended in Feb. 2024 was $0.11 Mil.

Titan Logix's quarterly other current assets declined from Aug. 2023 ($0.15 Mil) to Nov. 2023 ($0.11 Mil) but then increased from Nov. 2023 ($0.11 Mil) to Feb. 2024 ($0.11Mil).

Titan Logix's annual other current assets increased from Aug. 2021 ($0.03 Mil) to Aug. 2022 ($0.10 Mil) increased from Aug. 2022 ($0.10 Mil) to Aug. 2023 ($0.15 Mil).


Titan Logix Other Current Assets Historical Data

The historical data trend for Titan Logix'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.

Titan Logix Other Current Assets Chart

Titan Logix Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.09 0.03 0.10 0.15

Titan Logix Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 0.06 0.07 0.15 0.11 0.11

Titan Logix 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.


Titan Logix Other Current Assets Related Terms

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Titan Logix (Titan Logix) Business Description

Traded in Other Exchanges
Address
4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5
Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.