GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainmaker Worldwide Inc (OTCPK:RAKR) » Definitions » Other Current Assets

Rainmaker Worldwide (Rainmaker Worldwide) Other Current Assets : $0.03 Mil (As of Mar. 2024)


View and export this data going back to 2004. Start your Free Trial

What is Rainmaker Worldwide Other Current Assets?

Rainmaker Worldwide's other current assets for the quarter that ended in Mar. 2024 was $0.03 Mil.

Rainmaker Worldwide's quarterly other current assets declined from Sep. 2023 ($0.03 Mil) to Dec. 2023 ($0.03 Mil) but then stayed the same from Dec. 2023 ($0.03 Mil) to Mar. 2024 ($0.03Mil).

Rainmaker Worldwide's annual other current assets declined from Dec. 2021 ($0.17 Mil) to Dec. 2022 ($0.03 Mil) declined from Dec. 2022 ($0.03 Mil) to Dec. 2023 ($0.03 Mil).


Rainmaker Worldwide Other Current Assets Historical Data

The historical data trend for Rainmaker Worldwide'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.

Rainmaker Worldwide Other Current Assets Chart

Rainmaker Worldwide Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec19 Dec20 Dec21 Dec22 Dec23
Other Current Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.25 0.63 0.17 0.03 0.03

Rainmaker Worldwide Quarterly Data
Sep16 Dec16 Mar17 Jun17 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.05 0.03 0.03 0.03

Rainmaker Worldwide 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.


Rainmaker Worldwide Other Current Assets Related Terms

Thank you for viewing the detailed overview of Rainmaker Worldwide's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Rainmaker Worldwide (Rainmaker Worldwide) Business Description

Traded in Other Exchanges
N/A
Address
271 Brock Street, Peterborough, ON, CAN, K9H 2P8
Rainmaker Worldwide Inc is a cleantech company that is engaged in producing clean water. It provides innovative, environment-friendly water solutions to communities and businesses facing water scarcity. The company's sustainable technology features two product lines which include Air to water and water to water that have multiple applications. Air to Water harvests fresh water from humidity in the atmosphere. It is highly useful for islands, temporary vacation houses, and remote vacation houses, especially for hot conditions and limited water and has no risk of water-borne diseases. The Water to Water unit produces clean water from seawater, brackish water, or contaminated water sources. The company's products include WW-SO50 Solar Only Powered, AW-W100 Wind Powered, and others.