current assets


A balance sheet item which equals the sum of cash and cash equivalents, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that could be converted to cash in less than one year. A company's creditors will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. In addition, current assets are important to most companies as a source of funds for day-to-day operations.

Use current assets in a sentence

I had to determine all of our current assets, which could take quite a long time and require lot of energy.

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The current assets were listed in the report that was used during the presentation by the financial analysis team during the meeting.

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Acme Investments didn't have much to show for their current assets, but their liabilities had that magnificent volume that takes real effort at negligence and incompetence to increase so high.

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