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Broadridge Financial Solutions's other current assets for the quarter that ended in Dec. 2023 was $194 Mil.
Broadridge Financial Solutions's quarterly other current assets increased from Jun. 2023 ($166 Mil) to Sep. 2023 ($177 Mil) and increased from Sep. 2023 ($177 Mil) to Dec. 2023 ($194Mil).
Broadridge Financial Solutions's annual other current assets declined from Jun. 2021 ($167 Mil) to Jun. 2022 ($157 Mil) increased from Jun. 2022 ($157 Mil) to Jun. 2023 ($166 Mil).
The historical data trend for Broadridge Financial Solutions'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.
Broadridge Financial Solutions Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial |
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105.10 | 140.10 | 166.50 | 156.80 | 166.20 |
Broadridge Financial Solutions Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial |
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142.50 | 140.40 | 166.20 | 176.70 | 194.40 |
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 Broadridge Financial Solutions's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher John Perry | officer: Corporate SVP | 1981 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Laura Matlin | officer: VP, Deputy GC and CGO | C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Keir D Gumbs | officer: CVP and Chief Legal Officer | C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Timothy C Gokey | officer: Senior Vice President | 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042 |
Richard J Daly | director, officer: Chief Executive Officer | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Thomas P Carey | officer: Corporate VP | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042 |
Douglas Richard Deschutter | officer: Corporate Vice President | 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042 |
Leslie A Brun | director | 435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087 |
Robert Schifellite | officer: Corporate Vice President | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Robert N Duelks | director | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Robert F Kalenka | officer: Corporate Vice President | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Richard John Stingi | officer: Corporate VP and CHRO | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Thomas J Perna | director | 89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922 |
Eileen K Murray | director | 1585 BROADWAY, NEW YORK NY 10036 |
Vijay Mayadas | officer: VP, Strategy | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NE 11042 |
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