Current assets are assets which a company does not use on a continuous basis, such as stocks and debts, but which can be converted into cash within one year.
[business]
The company lists its current assets at $56.9 million.
current assets in British English
plural noun
cash and operating assets that are convertible into cash within a year
Also called: floating assets. Compare fixed assets
current assets in Accounting
(kɜrənt æsɛts)
noun
(Accounting: Financial statements, Balance sheet)
Current assets are assets which a company has which can be converted into cash within one year.
Examples of other current assets include property held for sale and advances or deposits.
Current assets include stock, money owed to the business by debtors, and cash.
Current assets are assets which a company has which can be converted into cash within one year.