Assets Non Current (Historical) Formula in Excel

Non-current assets are long-term investments that a company holds and are not expected to be fully converted into cash within the current accounting period. Using the Assets Non Current (Historical) formula in Excel with MarketXLS allows you to quickly analyze a company’s non-current asset data for specific years, quarters, or trailing twelve months (TTM). This function is ideal for gaining deeper insights into a company’s long-term financial health.

Understanding Assets Non Current (Historical)

• Purpose and Use Cases
  The hf_Assets_Non_Current function retrieves the value of a company’s non-current assets for a specified historical period. It is particularly useful for:

  • Assessing long-term financial stability
  • Comparing non-current asset trends over multiple periods
  • Conducting in-depth ratio analyses involving investments and capital expenditures

• Key Benefits

  • Quick access to historical non-current asset data directly in Excel
  • Seamless integration with MarketXLS for live updates and accurate figures
  • Ability to analyze multiple date ranges and trailing twelve months

• When to Use

  • Perform historical trend analyses on large, multi-year spreadsheets
  • Evaluate long-term asset values during mergers, acquisitions, or valuation exercises
  • Monitor changes in non-current assets for corporate governance and compliance

Syntax and Parameters

Use the formula directly in Excel as shown below:

=hf_Assets_Non_Current(Symbol, Year, [Quarter], [TTM])

?? Note: If the symbol is invalid, or if there is an issue with your MarketXLS license/subscription, the function may return "NA" or an error message.

Return Value

• Typically returns a numeric value representing the company’s non-current assets.
• If there is a data retrieval error or invalid parameter, it returns "NA" or a descriptive error string.

Examples and Usage

Below are a few practical examples of how to use hf_Assets_Non_Current in Excel. You can reference a cell containing the parameters, pass a direct date (if applicable for your workflow), or use other Excel date functions.

1. Basic Company Symbol Example

   =hf_Assets_Non_Current("MSFT", "2022")

   Retrieves non-current asset data for Microsoft in the year 2022.

2. With Quarter and TTM

   =hf_Assets_Non_Current("MSFT", "2022", 3, "TTM")

   Retrieves trailing twelve months data from the third quarter of 2022.

3. Last Quarter / Last Year Usage

   =hf_Assets_Non_Current("MSFT", "lq")         ' Returns last quarter data
   =hf_Assets_Non_Current("MSFT", "lq-1")       ' Returns one quarter before last
   =hf_Assets_Non_Current("MSFT", "ly")         ' Returns last year data
   =hf_Assets_Non_Current("MSFT", "ly-1")       ' Returns the prior year’s data
   =hf_Assets_Non_Current("MSFT", "lt")         ' Returns the last 12 months data
   =hf_Assets_Non_Current("MSFT", "lt-1")       ' Returns the previous 12 months

4. Date Inputs (if referencing a date field for Year or advanced usage)

   =hf_Assets_Non_Current(A1)
   =hf_Assets_Non_Current("2024-03-15")
   =hf_Assets_Non_Current(TEXT(A1,"yyyy-mm-dd"))

? Pro Tip: Combine the output of hf_Assets_Non_Current with other MarketXLS historical fundamental functions (e.g., Revenue (Historical) or Gross Profit (Historical)) to build comprehensive financial models right within Excel.

Common Questions

1. What if I see “NA” as a result?

   • Ensure your license is valid. Check if the provided symbol is correct and supported. If all is correct, try refreshing data or contacting MarketXLS support.

2. How do I retrieve data for previous periods?

   • You can use parameters like "lq-1", "ly-2", or specific year-quarter to access historical data.

3. Is there a performance impact when calling multiple hf_Assets_Non_Current formulas?

   • Each function call makes a data request. For large workbooks, consider grouping queries or limiting recalculations to improve performance.

4. Can I use this function for indices, options, or cryptocurrencies?

   • Yes. Simply provide the appropriate symbol, for example:
     • Indices: "^SPX"
     • Options: "@MSFT 110122C00020000"
     • Crypto: "BTCUSD:DEFAULT"

?? Note: Always verify the data availability for specific security types.

By following these guidelines, you’ll be able to efficiently utilize the Assets Non Current (Historical) formula in Excel with MarketXLS to evaluate long-term asset trends and make more informed decisions.