Other Current Assets - OCA


DEFINITION of 'Other Current Assets - OCA'

A firm's assets that do not include cash, securities, receivables, inventory and prepaid assets, and can be convertible into cash within one business cycle, which is usually one year. Other current assets are listed on a firm's balance sheet, and are a component of a firm's total assets. Restricted cash or investments may be included in this figure.

BREAKING DOWN 'Other Current Assets - OCA'

There is a category of assets, in financial statements, that are called "current" because they can be considered when calculating a firm's ability to pay short-term liabilities. Inside these current assets there are certain subcategories you will usually find like "cash." Other current assets (OCA) are not common enough to have their own category. Instead, they are lumped into this generic "other" category.

The value of a company's other current assets may vary greatly from year to year depending on the health of the company and how it spends its money. It is important to determine how material these assets are, as they may distort a firm's liquidity. An example of another current asset would be a piece of property that is being readied for sale.

  1. Balance Sheet

    A financial statement that summarizes a company's assets, liabilities ...
  2. Current Assets

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  3. Current Ratio

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  4. Spontaneous Assets

    The assets of a company that are accumulated automatically as ...
  5. Current Liabilities

    A company's debts or obligations that are due within one year. ...
  6. Asset

    1. A resource with economic value that an individual, corporation ...
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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
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    Working capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt ... Read Full Answer >>

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