Assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment. Compare with current assets.
More example sentences
- Three types of assets are included in the balance sheet: current assets, fixed assets and intangible assets.
- The company owns more than €3.59 million in fixed assets, mostly freehold land and buildings.
- Operating leverage was measured as the ratio of fixed assets to total assets for each year.
Definition of fixed assets in:
- The British & World English dictionary