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CommScope Holding Co's other current assets for the quarter that ended in Mar. 2024 was $169 Mil.
CommScope Holding Co's quarterly other current assets increased from Sep. 2023 ($187 Mil) to Dec. 2023 ($424 Mil) but then declined from Dec. 2023 ($424 Mil) to Mar. 2024 ($169Mil).
CommScope Holding Co's annual other current assets increased from Dec. 2021 ($251 Mil) to Dec. 2022 ($799 Mil) declined from Dec. 2022 ($799 Mil) to Dec. 2023 ($424 Mil).
The historical data trend for CommScope Holding Co'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.
CommScope Holding Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 238.90 | 256.30 | 251.00 | 798.90 | 424.00 |
CommScope Holding Co Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | 207.80 | 198.50 | 186.70 | 424.00 | 169.20 |
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 CommScope Holding Co's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Linde Koen Ter | officer: SVP & President, CCS | COMMSCOPE HOLDING COMPANY, INC., 3642 US 70, CLAREMONT NC 28610 |
Watts Claudius E. Iv | director | THE CARLYLE GROUP, 101 S. TRYON STREET, 25TH FLOOR, CHARLOTTE NC 28280 |
Justin C Choi | officer: SVP, Chief Legal Officer & Sec | ANIXTER INTERNATIONAL INC., 2301 PATRIOT BLVD., GLENVIEW IL 60026 |
Kyle David Lorentzen | officer: EVP & CFO | 9968 GLASGOW COURT, DUBLIN OH 43017 |
Timothy T Yates | director | ONE SYMBOL PLAZA, HOLTSVILLE NY 11742 |
Charles L. Treadway | director, officer: President and CEO | 8155 T&B BOULEVARD, MEMPHIS TN 38125 |
John R. Carlson | officer: SVP & Chief Commercial Officer | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE, SE, HICKORY NC 28602 |
Bartolomeo Giordano | officer: SVP & President, NICS | 1100 COMMSCOPE PL SE, C/O COMMSCOPE HOLDING COMPANY, INC., HICKORY NC 28602 |
Joanne M Maguire | director | 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817 |
Farid Firouzbakht | officer: SVP & President, OWN | 3790 VIA DE LA VALLE, SUITE 311, DEL MAR CA 92014 |
Laurie S. Oracion | officer: SVP & CAO | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
Frank M Drendel | director, officer: Chairman of Board | NEXTEL COMMUNICATIONS INC, 2001 EDMUND HALLEY DRIVE, RESTON VA 20191 |
Mindy Mackenzie | director | 510 LAKE COOK ROAD, DEERFIELD IL 60015 |
Markus R. Ogurek | officer: SVP & President, NICS | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
Guy Sucharczuk | officer: SVP & President, ANS | C/O COMMSCOPE HOLDING COMPANY, INC., 1100 COMMSCOPE PLACE SE, HICKORY NC 28602 |
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