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Veralto's other current assets for the quarter that ended in Mar. 2024 was $167 Mil.
Veralto's quarterly other current assets increased from Sep. 2023 ($102 Mil) to Dec. 2023 ($188 Mil) but then declined from Dec. 2023 ($188 Mil) to Mar. 2024 ($167Mil).
Veralto's annual other current assets declined from Dec. 2021 ($126 Mil) to Dec. 2022 ($119 Mil) increased from Dec. 2022 ($119 Mil) to Dec. 2023 ($188 Mil).
The historical data trend for Veralto'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.
Veralto Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Other Current Assets | - | 126.00 | 119.00 | 188.00 |
Veralto Quarterly Data | ||||||||||
Dec20 | Dec21 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | - | 101.00 | 102.00 | 188.00 | 167.00 |
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:
The assets grouped under other current assets are most commonly:
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.
Thank you for viewing the detailed overview of Veralto's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Melissa Aquino | officer: SVP, Water Quality | 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062 |
Sameer Ralhan | officer: SVP, Chief Financial Officer | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899 |
Surekha Trivedi | officer: SVP, Strategy & Sustainability | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Mattias Bystrom | officer: SVP-Prod. Quality & Innovation | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Lesley Beneteau | officer: SVP, Human Resources | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Cindy L. Wallis-lage | director | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Bernard M Skeete | officer: VP, Chief Accounting Officer | C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312 |
Sylvia Ann Stein | officer: SVP, General Counsel | 1500 DEKOVEN AVE., RACINE WI 53403 |
Shyam Kambeyanda | director | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Thomas L Williams | director | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Heath A Mitts | director | 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
Francoise Colpron | director | SEALED AIR CORPORATION, 2415 CASCADE POINTE BOUVELVARD, CHARLOTTE NC 28208 |
William King | director | 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037 |
Walter G Lohr | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
Daniel L Comas | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
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