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Backblaze (Backblaze) Other Current Assets : $4.8 Mil (As of Dec. 2023)


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What is Backblaze Other Current Assets?

Backblaze's other current assets for the quarter that ended in Dec. 2023 was $4.8 Mil.

Backblaze's quarterly other current assets increased from Jun. 2023 ($4.7 Mil) to Sep. 2023 ($10.3 Mil) but then declined from Sep. 2023 ($10.3 Mil) to Dec. 2023 ($4.8Mil).

Backblaze's annual other current assets increased from Dec. 2021 ($4.4 Mil) to Dec. 2022 ($5.8 Mil) declined from Dec. 2022 ($5.8 Mil) to Dec. 2023 ($4.8 Mil).


Backblaze Other Current Assets Historical Data

The historical data trend for Backblaze'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.

Backblaze Other Current Assets Chart

Backblaze Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Other Current Assets
1.00 1.84 4.42 5.84 4.76

Backblaze Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.84 5.51 4.75 10.33 4.76

Backblaze 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.


Backblaze Other Current Assets Related Terms

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Backblaze (Backblaze) Business Description

Traded in Other Exchanges
N/A
Address
500 Ben Franklin Ct, San Mateo, CA, USA, 94401
Backblaze Inc provides cloud storage services. The company offers services such as Backblaze B2 Cloud Storage which enables customers to store data, developers to build applications, and partners to expand their use cases. It is offered as a consumption-based Infrastructure-as-a-Service (IaaS) and serves use cases including backups, multi-cloud, application development, and ransomware protection and Backblaze Computer Backup automatically backs up data from laptops and desktops for businesses and individuals. Geographically, it derives a majority of revenue from the United States.
Executives
Tina Cessna officer: Senior VP, Engineering 500 BEN FRANKLIN CT., SAN MATEO CA 94401
Francis P Patchel officer: Chief Financial Officer 500 BEN FRANKLIN CT, SAN MATEO CA 94401
Investments Plc Tmt 10 percent owner 13 CASTLE STREET, ST. HELIER Y9 JE1 1ES
Gleb Budman director, 10 percent owner, officer: See Remarks 500 BEN FRANKLIN CT, SAN MATEO CA 94401
Timothy M Nufire director, 10 percent owner, officer: Chief Cloud Officer 500 BEN FRANKLIN CT, SAN MATEO CA 94401
Brian K Wilson director, 10 percent owner, officer: Chief Technology Officer 500 BEN FRANKLIN CT, SAN MATEO CA 94401
Charles J. Jones 10 percent owner 500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Kwok Hang Ng 10 percent owner 500 BEN FRANKLIN COURT, SAN MATEO CA 94401
Clal Insurance Enterprises Holdings Ltd 10 percent owner 36 RAUL WALENBERG ST, TEL-AVIV L3 6136902
Whetstone Capital Advisors, Llc 10 percent owner 2001 SHAWNEE MISSION PARKWAY, SHAWNEE MISSION KS 66205
Jocelyn Carter-miller director 3698 NW 15TH STREET, LAUDERHILL FL 33311
An Evelyn D director 1301 NE 103RD STREET, MIAMI SHORES FL 33138
Earl E Fry director C/O INFORMATICA CORPORATION, 2100 SEAPORT BLVD., REDWOOD CITY CA 94063
Barbara H Nelson director C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035