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Rigetti Computing's other current assets for the quarter that ended in Mar. 2024 was $2.58 Mil.
Rigetti Computing's quarterly other current assets declined from Sep. 2023 ($3.47 Mil) to Dec. 2023 ($2.71 Mil) and declined from Dec. 2023 ($2.71 Mil) to Mar. 2024 ($2.58Mil).
Rigetti Computing's annual other current assets increased from Jan. 2021 ($1.04 Mil) to Dec. 2022 ($5.42 Mil) declined from Dec. 2022 ($5.42 Mil) to Dec. 2023 ($2.71 Mil).
The historical data trend for Rigetti Computing'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.
Rigetti Computing Annual Data | |||||||||
Trend | Jan20 | Jan21 | Dec22 | Dec23 | |||||
Other Current Assets | 1.13 | 1.04 | 5.42 | 2.71 |
Rigetti Computing Quarterly Data | |||||||||||||
Jan20 | Oct20 | Jan21 | Oct21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Other Current Assets | Get a 7-Day Free Trial | 2.98 | 4.42 | 3.47 | 2.71 | 2.58 |
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 Rigetti Computing's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Richard Danis | officer: General Counsel and Corp. Sec. | 5808 LAKE WASHINGTON BLVD. NE, SUITE 300, KIRKLAND WA 98033 |
David Rivas | officer: SVP, Sys. and Serv. (Software) | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94701 |
Thomas J Iannotti | director | C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039 |
Alissa Fitzgerald | director | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Cathy L Mccarthy | director | 1400 TOASTMASTER DRIVE, ELGIN IL 60120 |
Jeffrey A. Bertelsen | officer: Chief Financial Officer | 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416 |
Mike Harburn | officer: SVP, Fabrication Ops. Hardware | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Chad Rigetti | director, officer: President and CEO | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Brian J Sereda | officer: Chief Financial Officer | 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134 |
Subodh K Kulkarni | officer: President and CEO | 5900 GOLDEN HILLS DRIVE, GOLDEN VALLEY MN 55416 |
Supernova Partners Ii, Llc | other: Former 10% Owner | 4301 50TH STREET, N.W., SUITE 300, PMB 1044, WASHINGTON DC 20007 |
Gregory John Peters | officer: Chief Revenue Officer | C/O RIGETTI COMPUTING, INC., 775 HEINZ AVENUE, BERKELEY CA 94710 |
Helene Gail Sandford | director | C/O RIGETTI & CO., INC., 775 HEINZ AVENUE, BERKELEY CA 94710 |
Amanda Sue Birch | officer: SVP, Technology Partnerships | C/O RIGETTI & CO., INC, 775 HEINZ AVENUE, BERKELEY CA 94710 |
Bessemer Venture Partners X L.p. | 10 percent owner | 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538 |
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