Current Assets

What does it mean?
Appearing on a company's balance sheet, it represents cash, accounts receivable, inventory, marketable securities, prepaid expenses, and other assets that can be converted to cash within one year.

In Other Words...
Current assets are important because it is from current assets that a company funds its ongoing, day-to-day operations.

Related Links
Introduction to Fundamental Analysis - Here's an easy-to-understand tutorial on the techniques of analyzing a company's financial statements, including the annual and quarterly reports, the auditor's report, and much more.

Related Terms
Accounts Receivable | Balance Sheet | Cash | Current Liabilities

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