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Nu Ride's other current assets for the quarter that ended in Mar. 2024 was $59.42 Mil.
Nu Ride's quarterly other current assets declined from Sep. 2023 ($7.11 Mil) to Dec. 2023 ($5.04 Mil) but then increased from Dec. 2023 ($5.04 Mil) to Mar. 2024 ($59.42Mil).
Nu Ride's annual other current assets declined from Dec. 2021 ($47.12 Mil) to Dec. 2022 ($20.55 Mil) declined from Dec. 2022 ($20.55 Mil) to Dec. 2023 ($5.04 Mil).
The historical data trend for Nu Ride'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.
Nu Ride Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Other Current Assets | - | 24.66 | 47.12 | 20.55 | 5.04 |
Nu Ride Quarterly Data | ||||||||||||||||||
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 | 9.03 | 16.70 | 7.11 | 5.04 | 59.42 |
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 Nu Ride's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen S. Burns | director, officer: Chief Executive Officer | C/O ADVANCED MECHANICAL PRODUCTS, INC., 4540 ALPINE ROAD, BLUE ASH OH 45242 |
Anderson Joseph B Jr | director | MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186 |
Edward T. Hightower | officer: President | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Donna Bell | officer: EVP, PROD CRTN, ENG & SUPP CHN | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Jane Ritson-parsons | officer: CHIEF OPERATING OFFICER | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Laura J. Soave | director | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Daniel A Ninivaggi | director, officer: CHIEF EXECUTIVE OFFICER | C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153 |
Melissa A. Leonard | officer: EVP, GEN. COUNSEL & SECRETARY | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Adam B Kroll | officer: CHIEF FINANCIAL OFFICER | 475 QUAKER MEETING HOUSE RD, HONEOYE FALLS NY 14472 |
Rebecca A Roof | officer: Interim CFO | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Chuan D. Vo | officer: Vice President of Propulsion | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Julio C. Rodriguez | officer: Chief Financial Officer | 315 CHELSEY CT., ALPHARETTA GA 30004 |
Darren Post | officer: Vice President of Engineering | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Phil Richard Schmidt | officer: Chief Production Officer | C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
Shane Brown | officer: Chief Production Officer | 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481 |
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