Definition of current assets in English:

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current assets

Pronunciation: /ˈkərənt ˈaˌsets/

plural noun

Cash and other assets that are expected to be converted to cash within a year. Compare with fixed assets.
Example sentences
  • For example, defining the relationships between assets, current assets and inventory would be applicable to many balance sheets.
  • While performing calculations relating to gross profit analysis, cash ratios and decreasing cash to total current assets, unexplained variances become illuminated.
  • Three types of assets are included in the balance sheet: current assets, fixed assets and intangible assets.
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