GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » EV Nickel Inc (TSXV:EVNI) » Definitions » Other Current Assets

EV Nickel (TSXV:EVNI) Other Current Assets : C$0.02 Mil (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is EV Nickel Other Current Assets?

EV Nickel's other current assets for the quarter that ended in Mar. 2024 was C$0.02 Mil.

EV Nickel's quarterly other current assets declined from Sep. 2023 (C$0.11 Mil) to Dec. 2023 (C$0.05 Mil) and declined from Dec. 2023 (C$0.05 Mil) to Mar. 2024 (C$0.02Mil).

EV Nickel's annual other current assets declined from Jun. 2021 (C$0.26 Mil) to Jun. 2022 (C$0.16 Mil) increased from Jun. 2022 (C$0.16 Mil) to Jun. 2023 (C$0.18 Mil).


EV Nickel Other Current Assets Historical Data

The historical data trend for EV Nickel'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.

EV Nickel Other Current Assets Chart

EV Nickel Annual Data
Trend Jun21 Jun22 Jun23
Other Current Assets
0.26 0.16 0.18

EV Nickel Quarterly Data
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 0.19 0.18 0.11 0.05 0.02

EV Nickel 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.


EV Nickel Other Current Assets Related Terms

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


EV Nickel (TSXV:EVNI) Business Description

Traded in Other Exchanges
Address
150 King Street W, Suite 200, Toronto, ON, CAN, M5H 1J9
EV Nickel Inc is a Canadian nickel exploration company. Its mission is to accelerate the transition to clean energy, focused on the Shaw Dome Project, south of Timmins, Ontario. EVNi has over 30,000 hectares to explore across the Shaw Dome and has identified more than 100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20 percent contains the A Zone- with a Resource which defined 1.0B tonnes 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred.
Executives
Rogue Resources Inc. 10% Security Holder

EV Nickel (TSXV:EVNI) Headlines

No Headlines