Everybody Loves Languages (TSXV:ELL) Other Current Assets : C$0.11 Mil (As of Sep. 2021)

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What is Everybody Loves Languages Other Current Assets?

Everybody Loves Languages's other current assets for the quarter that ended in Sep. 2021 was C$0.11 Mil.

Everybody Loves Languages's quarterly other current assets increased from Mar. 2021 (C$0.11 Mil) to Jun. 2021 (C$0.11 Mil) and increased from Jun. 2021 (C$0.11 Mil) to Sep. 2021 (C$0.11Mil).

Everybody Loves Languages's annual other current assets increased from Dec. 2018 (C$0.10 Mil) to Dec. 2019 (C$0.12 Mil) increased from Dec. 2019 (C$0.12 Mil) to Dec. 2020 (C$0.17 Mil).

Everybody Loves Languages Other Current Assets Historical Data

The historical data trend for Everybody Loves Languages'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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Everybody Loves Languages Other Current Assets Chart

Everybody Loves Languages Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Other Current Assets

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0.58

0.21

0.10

0.12

0.17

Everybody Loves Languages Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Other Current Assets	Get a 7-Day Free Trial															0.09	0.17	0.11	0.11	0.11

Everybody Loves Languages 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.

Everybody Loves Languages Other Current Assets Related Terms

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Everybody Loves Languages (TSXV:ELL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Everybody Loves Languages Corp (TSXV:ELL) » Definitions » Other Current Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Bay Street, 11th Floor, Toronto, ON, CAN, M5J 2N8

Website

https://www.elltechnologies.com

Everybody Loves Languages Corp is an Ed-tech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. It has two business segments; The license of intellectual property: Lingo Learning is a content-based publisher of English language learning textbook programs in China. It earns royalties from Licensing Sales compared to Finished Product Sales, and Online and Offline Language Learning; a web-based educational technology language learning, training, and assessment company. The Company provides the right to access to hosted software over a contract term without the customer taking possession of the software.

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