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Value of cash, accounts receivable, inventories, marketable securities and other assets that could be converted to cash in less than 1 year.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
current assetsASSETS 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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
current assetsASSETS, 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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005