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Select Water Solutions's other current assets for the quarter that ended in Mar. 2024 was $38 Mil.
Select Water Solutions's quarterly other current assets declined from Sep. 2023 ($44 Mil) to Dec. 2023 ($36 Mil) but then increased from Dec. 2023 ($36 Mil) to Mar. 2024 ($38Mil).
Select Water Solutions's annual other current assets increased from Dec. 2021 ($31 Mil) to Dec. 2022 ($34 Mil) increased from Dec. 2022 ($34 Mil) to Dec. 2023 ($36 Mil).
The historical data trend for Select Water 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.
Select Water Solutions Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Other Current Assets | Get a 7-Day Free Trial | 26.49 | 19.62 | 31.49 | 34.38 | 35.54 |
Select Water Solutions Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | 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 | 39.77 | 36.48 | 44.49 | 35.54 | 37.89 |
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 Select Water Solutions's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Szymanski | officer: Chief Accounting Officer & VP | 1820 I-35 FRONTAGE ROAD, GAINESVILLE TX 76240 |
Michael Skarke | officer: Exec. VP, Water Solutions | 1820 NORTH I-35, P.O. BOX 1715, GAINESVILLE TX 76241 |
Troy W Thacker | director | C/O FOX PAINE & CO, 950 TOWER LANE, FOSTER CITY CA 94404 |
Christina M Ibrahim | officer: SVP, GC and CCO | 2000 ST. JAMES PLACE, HOUSTON TX 77056 |
Nick L Swyka | officer: CFO & Senior VP | 515 POST OAK BLVD., STE. 200, HOUSTON TX 77027 |
Robin H Fielder | director | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Christopher Kile George | officer: See Remarks | 5660 WICKERSHAM LN, HOUSTON TX 77056 |
Luis M Fernandez-moreno | director | ASHLAND INC., 8145 BLAZER DRIVE, WILMINGTON DE 19808 |
Suzanne Colbert | officer: Chief Technology Officer | 1233 WEST LOOP SOUTH, SUITE 1400, HOUSTON TX 77027 |
Gayle Burleson | director | ONE CONCHO CENTER, 600 WEST ILLINOIS AVENUE, MIDLAND TX 79701 |
Scf-vii(a), L.p. | 10 percent owner, other: Member of Group | 600 TRAVIS ST., STE. 6600, HOUSTON TX 77002 |
Scf Partners, Inc. | 10 percent owner, other: Member of Group | 600 TRAVIS STE 6600, HOUSTON TX 77002 |
Scf-vii(a), G.p., Limited Partnership | 10 percent owner, other: Member of Group | 600 TRAVIS, SUITE 6600, HOUSTON TX 77002 |
Holli C. Ladhani | director, officer: President and CEO | 2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056 |
Mitchell Shauf | officer: EVP, Water Services | 1820 N. INTERSTATE 35, GAINESVILLE TX 76241 |
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