Definition of current assets in English:

current assets

Line breaks: cur|rent as¦sets


  • Cash and other assets that are expected to be converted to cash within a year. Compare with fixed assets.
    More 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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Word of the day kerf
Pronunciation: kərf
a slit made by cutting with a saw