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Home > QFINANCE Dictionary > Definition of current assets

Definition of

current assets

Finance

cash, or asset to be converted to cash cash or other assets, such as stock and long-term investments, held for conversion into cash in the normal course of trading

Recommended Further Reading (Term count)
  • Understanding Key Financial Terms and Statements
    This checklist outlines some of the terms and statements used by companies when announcing their results and delivering trading updates to the market.
  • Preparing Financial Statements: Balance Sheets
    This checklist outlines the ways balance sheets provide detailed information about a company’s assets, liabilities, and stockholders’ (shareholders’) equity.
  • Managing Working Capital
    This checklist explains what working capital is and how it is used.
  • Working Capital
    The funds that are readily available to operate a business. Working capital comprises the total net current assets of a business, which are its inventory, debtors, and cash—minus its creditors.

Definitions of ’current assets’ and meaning of ’current assets’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’current assets’ and other financial terms with our online QFINANCE Financial Dictionary.

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