current assets


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Related to current assets: Current liabilities, balance sheet, Net current assets

Current assets

Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year.

Current Assets

Cash and other assets expected to be converted to cash within a year. Examples include accounts receivable, prepaid expenses, and many negotiable securities. Current assets are calculated on a balance sheet and are one way to measure a company's liquidity. Current assets tend not to add much to the company's assets, but help keep it running on a day-to-day basis. See also: Fixed asset, Gross working capital.

current assets

ASSETS such as STOCKS, money owed by DEBTORS, and cash, which are held for short-term conversion within a firm as raw materials are bought, made up, sold as finished goods and eventually paid for. See FIXED ASSETS, WORKING CAPITAL, WORKING CAPITAL RATIO.

current assets

ASSETS, such as STOCKS, money owed by DEBTORS, and cash, that are held for short-term conversion within a firm as raw materials are bought, made up, sold as finished goods and eventually paid for.

See FIXED ASSETS, WORKING CAPITAL.

References in periodicals archive ?
The goal of working capital management is to manage the firm's current assets in such a way that a satisfactory level of working capital is maintained at all times.
Two possible approaches could fix the current distorted liquidity picture: focusing on the trading cycle by taking CPLTD out of current liabilities; or developing a new "current ratio" that leaves CPLTD with current liabilities but calculates CPFA and reports it with current assets.
In consultation with a steering committee, the Town of Grande Cache will develop a Youth Community Plan, which will identify current assets, gaps, needs and priorities related to youth services, programming and employment in Grande Cache and the surrounding area.
Typically current assets include cash on hand, accounts receivable and inventories.
1993, the district court found that the IRS focused too heavily on the significant amount of net current assets and did not consider the nature of the business when determining reasonable business needs.
He also evaluates the relationship between inventory to current assets, inventory to total assets, inventory to working capital, and inventory to capital employed.
Generally, the current assets of accounts receivable and inventory serve as the borrowing base for a revolving credit facility that can be drawn down and repaid.
The purchase price is subject to adjustment dependent upon Valence's net current assets as of June 30, 2006 as determined by the parties' auditors.
Working capital, defined as current assets (CA) minus current liabilities (CL), is often measured using the current ratio (CA divided by CL), or the quick or "acid test" ratio (CA minus inventory, divided by CL).
Montclair Medical Associates Statement of assets and liabilities--modified cash basis December 31, 1994 Assets Current assets Cash $600,000 Prepaids 2,000
The new standard would begin by combining parts of IAS 1, Disclosure of Accounting Policies, IAS 5, Information to Be Disclosed in Financial Statements, IAS 13, Presentation of Current Assets and Current Liabilities, other existing standards and the IASC Frame-work for the Preparation and Presentation of Financial Statements.