current asset


current asset
An asset on the balance sheet which is expected to be sold or otherwise used up in the near future, usually within one year, or one business cycle - whichever is longer, such as cash, accounts receivable, and inventory.
Ant: non-current asset, fixed asset

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  • current asset — ➔ asset * * * current asset UK US noun [usually plural] (also circulating asset) ► FINANCE, PRODUCTION an asset such as cash, raw materials, parts, or products that are still being made, which a company will use up or sell during the same year:… …   Financial and business terms

  • current asset — see asset 2 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Current asset — In accounting, a current asset is an asset on the balance sheet which can either be converted to cash or used to pay current liabilities within 12 months. Typical current assets include cash, cash equivalents, short term investments, accounts… …   Wikipedia

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  • current asset — A *short term *asset with an anticipated economic life of less than one year. Examples of current assets include *accounts receivable, *cash, and inventory …   Auditor's dictionary

  • current-asset investment — An investment (e.g. shares) intended to be held for less than one year. See also: fixed asset investment …   Accounting dictionary

  • Permanent Current Asset — The minimum amount of current assets a company needs to continue operations. Permanent current assets are current assets that are always replaced with like assets within one year. Inventory, depreciating assets, cash and accounts receivable are… …   Investment dictionary

  • Net Current Asset Value Per Share - NCAVPS — A value created by professor Benjamin Graham in the mid twentieth century to determine if a company was trading at a fair market price. NCAVPS is calculated by taking a company s current assets and subtracting the total liabilities, and then… …   Investment dictionary

  • asset — anything of worth that is owned. The assets of a business are money in the bank, accounts receivable, securities held in the name of the business, property or buildings, equipment, fixtures, merchandise for sale or being made, supplies and all… …   Financial and business terms

  • Asset — Any possession that has value in an exchange. The New York Times Financial Glossary * * * asset as‧set [ˈæset] noun [countable] ACCOUNTING FINANCE something belonging to an individual or a business that has value or the power to earn money: • The …   Financial and business terms


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