tangible asset

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Related to tangible asset: Current asset

Tangible asset

An asset whose value depends on particular physical properties. These include reproducible assets such as buildings or machinery and non-reproducible assets such as land, a mine, or a work of art. Also called real assets. Converse of: Intangible asset

Tangible Asset

In accounting, any asset that can be seen and touched. Tangible assets include things that can be reproduced, such as widgets or a widget factory, and things that cannot be reproduced, such as the land upon which the widget factory is built. Tangible assets are comparatively easy to price, and therefore they are often used to express the value of a company. However, because they do not include intangible but still valuable things like patents and brand recognition, they may not truly express a company's value. Less commonly, tangible assets are called hard assets. See also: Intangible Assets.

tangible asset

An asset such as a building or piece of equipment that has physical properties. Also called hard asset. Compare intangible asset. See also net tangible assets per share.
References in periodicals archive ?
7) Regularly discuss your tangible assets with your circle of advisors.
Without tangible assets to back up the financing, one of the first considerations to be reviewed is the quality of: a company's managements.
The industry average pro-tax return on the book value of net tangible assets is 13 per cent, while that of Lolly Co is 16 per cent.
Procurement Acquisition of Tangible Assets Data Room and in Good Condition to Realize the Activities in the Project Plan, According to Art.
In recent years, more and more high net worth families are turning to tangible assets, and not just for their aesthetic value.
Tangible assets are physical and include buildings (real property) and their contents (personal property), vehicles, people, and cash for example.
The appraiser determined the company's tangible assets were worth $765,000 and the intangible assets $1,200,000.
On the opposite end of the spectrum are tangible assets, which are typically thought of as things that determine a company's value, such as equipment, facilities and inventory.
Any value remaining after assigning value to the tangible assets is allocated to the intangible assets, then apportioned among the various classes of intangible assets.