What does current assets mean?

Definitions for current assets
cur·rent as·sets

This dictionary definitions page includes all the possible meanings, example usage and translations of the word current assets.

Princeton's WordNet

  1. liquid assets, current assets, quick assetsnoun

    assets in the form of cash (or easily convertible into cash)

Wikipedia

  1. current assets

    In accounting, a current asset is any asset which can reasonably be expected to be sold, consumed, or exhausted through the normal operations of a business within the current fiscal year or operating cycle or financial year (whichever period is longer). Typical current assets include cash, cash equivalents, short-term investments which in the ordinary activity are mainly related to non-strategic companies in the process of being sold (usually as a result of private negotiations), accounts receivable, stock inventory, supplies, and the portion of prepaid liabilities (sometimes referred to as prepaid expenses) which will be paid within a year. In simple words, assets which are held for a short period are known as current assets. Such assets are expected to be realised in cash or consumed during the normal operating cycle of the business. On a balance sheet, assets will typically be classified into current assets and long-term assets.The current ratio is calculated by dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, which is its ability to meet short-term obligations. The difference between current assets and current liability is referred to as trade working capital. The quick ratio, or acid-test, measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick assets are those that can be quickly turned into cash if necessary. It would not be used for substantial period of time such as, normally, twelve months.

ChatGPT

  1. current assets

    Current assets are the resources owned by a company that are expected to be converted into cash, sold, or consumed within one year or the company's operating cycle, whichever is longer. This typically includes items such as cash, accounts receivable, inventory, and other short-term assets that can be quickly converted to cash. Current assets are key indicators of a company's short-term financial health and operational efficiency.

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Numerology

  1. Chaldean Numerology

    The numerical value of current assets in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of current assets in Pythagorean Numerology is: 2

Examples of current assets in a Sentence

  1. Monsanto Co:

    The company plans to take measures to protect its current assets and will suspend launching any future soybean technologies in the country.

  2. Prince Mohammed:

    We restructured the fund. We included new assets in the fund, Aramco and other assets, and we fixed the problems of the current assets that the public investment fund owns, both in terms of companies and other projects, initial data say the fund will have control over more than 10 percent of global investment capacity.


Translations for current assets

From our Multilingual Translation Dictionary

  • текущие активыRussian
  • ప్రస్తుత ఆస్తులుTelugu
  • 当前资产Chinese

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"current assets." Definitions.net. STANDS4 LLC, 2024. Web. 23 Jul 2024. <https://www.definitions.net/definition/current+assets>.

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