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Precision BioSciences's other current assets for the quarter that ended in Mar. 2024 was $9.76 Mil.
Precision BioSciences's quarterly other current assets declined from Sep. 2023 ($8.42 Mil) to Dec. 2023 ($6.88 Mil) but then increased from Dec. 2023 ($6.88 Mil) to Mar. 2024 ($9.76Mil).
Precision BioSciences's annual other current assets declined from Dec. 2021 ($17.60 Mil) to Dec. 2022 ($8.81 Mil) declined from Dec. 2022 ($8.81 Mil) to Dec. 2023 ($6.88 Mil).
The historical data trend for Precision BioSciences'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.
Precision BioSciences Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Other Current Assets | Get a 7-Day Free Trial | 11.82 | 5.77 | 17.60 | 8.81 | 6.88 |
Precision BioSciences 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 | 10.19 | 9.42 | 8.42 | 6.88 | 9.76 |
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 Precision BioSciences's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
J. Jefferson Smith | 10 percent owner | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, SUITE A-100, DURHAM NC 27701 |
Alan List | officer: Chief Medical Officer | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, DURHAM NC 27701 |
Michael Amoroso | director, officer: President and CEO | 1330 AVENUE OF THE AMERICAS, 33RD FLOOR, NEW YORK NY 10019 |
Dario Scimeca | officer: General Counsel | C/O PRECISION BIOSCIENCES, INC., 302 E. PETTIGREW STREET, SUITE A-100, DURHAM NC 27701 |
John Alexander Kelly | officer: Interim CFO | C/O FOREST LABORATORIES, INC., 909 THIRD AVENUE, NEW YORK NY 10022 |
Pharma Ag Novartis | 10 percent owner | LICHTSTRASSE 35, CH-4002, BASEL V8 |
Ag Novartis | 10 percent owner | LICHTSTRASSE 35, BASEL V8 CH 4056 |
Derek Jantz | director, 10 percent owner, officer: Chief Scientific Officer | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, SUITE A-100, DURHAM NC 27701 |
Melinda Brown | director | 10 HUDSON YARDS, NEW YORK NY 10001 |
Shari Lisa Pire | director | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, DURHAM NC 27701 |
Samuel C. Wadsworth | director | C/O DIMENSION THERAPEUTICS, INC., 840 MEMORIAL DRIVE, CAMBRIDGE MA 02139 |
David S. Thomson | officer: Chief Development Officer | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, SUITE A-100, DURHAM NC 27701 |
Stanley Frankel | director | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, DURHAM NC 27701 |
Matthew R. Kane | director, 10 percent owner, officer: President and CEO | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, SUITE A-100, DURHAM NC 27701 |
Shane Barton | officer: VP & Corporate Controller | C/O PRECISION BIOSCIENCES, INC., 302 EAST PETTIGREW STREET, DURHAM NC 27701 |
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