Current Assets definition: Copy, customize, and use instantly
Introduction
The term "Current Assets" refers to assets that are expected to be converted into cash, sold, or consumed within a year or within the company's normal operating cycle, whichever is longer. These assets are crucial for assessing a company's short-term financial health and liquidity, as they represent resources that can be easily accessed to meet short-term obligations.
Below are various examples of how "Current Assets" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Current Assets" as assets expected to be liquidated within a year
This definition ties "Current Assets" to their short-term liquidity.
"Current Assets" means assets that are expected to be converted into cash or consumed within one year or the company's normal operating cycle, whichever is longer, including cash, receivables, and inventories.
Definition of "Current Assets" as liquid assets within the company's operating cycle
This definition connects "Current Assets" to the operating cycle.
"Current Assets" refers to assets that are expected to be realized in cash or consumed in the ordinary course of business within a year or the company's normal operating cycle.
Definition of "Current Assets" as assets that can be easily converted into cash
This definition links "Current Assets" to their liquidity.
"Current Assets" means assets that are reasonably expected to be converted into cash within one year, including cash equivalents, receivables, and inventories.
Definition of "Current Assets" as short-term assets for liquidity purposes
This definition ties "Current Assets" to liquidity.
"Current Assets" refers to assets held primarily for the purpose of meeting short-term obligations, including accounts receivable, inventory, and cash equivalents.
Definition of "Current Assets" as assets representing liquid resources
This definition connects "Current Assets" to liquidity and available resources.
"Current Assets" means those assets that are readily convertible to cash within a year, such as accounts receivable, inventories, and short-term investments.
Definition of "Current Assets" as assets that can be easily accessed to meet obligations
This definition links "Current Assets" to the ability to meet obligations.
"Current Assets" refers to assets that are expected to be realized in cash or consumed in the business's normal operating cycle, and are primarily available for meeting short-term financial obligations.
Definition of "Current Assets" as those assets expected to be used or sold in the short term
This definition ties "Current Assets" to their short-term usage.
"Current Assets" means assets that are expected to be used, sold, or converted into cash within one year or the business’s operating cycle, whichever is longer.
Definition of "Current Assets" as assets with a short-term economic life
This definition connects "Current Assets" to their short-term economic life.
"Current Assets" refers to assets that are anticipated to be realized or converted into cash within the next 12 months or within one operating cycle of the business.
Definition of "Current Assets" as assets held for operational purposes
This definition links "Current Assets" to operational use.
"Current Assets" means assets that are primarily held for operational purposes and are expected to be consumed or sold in the short term, such as inventory or accounts receivable.
Definition of "Current Assets" as the assets with immediate value for short-term financing
This definition ties "Current Assets" to short-term financing.
"Current Assets" refers to assets that are expected to provide immediate value for meeting short-term financing needs, such as cash, receivables, and marketable securities.
Definition of "Current Assets" as liquid and consumable assets
This definition connects "Current Assets" to liquidity and consumption.
"Current Assets" means those assets that can be converted into cash or consumed within one year or one operating cycle, whichever is longer, and includes cash, receivables, and inventories.
Definition of "Current Assets" as assets that are utilized in the short term for operational continuity
This definition ties "Current Assets" to operational continuity.
"Current Assets" refers to assets used in the normal course of business and are expected to be realized or consumed within a short-term period, ensuring operational continuity.
Definition of "Current Assets" as assets expected to be liquidated or consumed within the operating cycle
This definition links "Current Assets" to the operating cycle.
"Current Assets" means assets that are expected to be liquidated, sold, or consumed within one year or the normal operating cycle of the company, whichever is longer.
Definition of "Current Assets" as short-term resources for fulfilling current obligations
This definition ties "Current Assets" to fulfilling obligations.
"Current Assets" refers to assets that are expected to be used to fulfill current obligations, such as cash, receivables, and inventory.
Definition of "Current Assets" as readily available resources for immediate financial needs
This definition connects "Current Assets" to immediate financial needs.
"Current Assets" means those assets that are readily available and expected to be converted to cash in the near future, including cash equivalents, accounts receivable, and inventory.
Definition of "Current Assets" as assets representing resources available for quick conversion
This definition links "Current Assets" to their quick conversion.
"Current Assets" refers to assets that represent resources that can be quickly converted into cash, such as short-term investments, receivables, and inventory.
Definition of "Current Assets" as assets for maintaining short-term business operations
This definition ties "Current Assets" to maintaining operations.
"Current Assets" means assets that are held for maintaining short-term business operations and are expected to be realized or used up in the ordinary course of business, including cash, receivables, and inventories.
Definition of "Current Assets" as assets used to support business liquidity
This definition connects "Current Assets" to business liquidity.
"Current Assets" refers to assets used to support liquidity needs in the business, such as cash, marketable securities, and short-term receivables.
Definition of "Current Assets" as assets that are short-term and readily available
This definition ties "Current Assets" to short-term availability.
"Current Assets" means those assets that are short-term in nature and readily available for use, including cash, accounts receivable, and inventories.
Definition of "Current Assets" as assets convertible to cash within the short term
This definition ties "Current Assets" to their ability to be converted to cash.
"Current Assets" refers to assets that are expected to be converted into cash or used up within a short period, typically within one year, including receivables, inventory, and cash equivalents.
Definition of "Current Assets" as assets representing available resources for the business
This definition connects "Current Assets" to available business resources.
"Current Assets" means resources that are readily available for use by the business in the short term, such as cash, marketable securities, and accounts receivable.
Definition of "Current Assets" as assets with a one-year conversion timeframe
This definition links "Current Assets" to their conversion timeline.
"Current Assets" refers to assets that are expected to be realized or converted into cash within one year, such as inventory, receivables, and cash equivalents.
Definition of "Current Assets" as liquid assets for meeting financial obligations
This definition ties "Current Assets" to financial obligations.
"Current Assets" means assets that are anticipated to be liquidated or consumed in the short term to meet financial obligations, including accounts receivable, inventory, and cash.
Definition of "Current Assets" as assets with a short-term value to the company
This definition connects "Current Assets" to their short-term value.
"Current Assets" refers to assets that are expected to provide value to the company in the short term, typically through cash or consumption within the operating cycle.
Definition of "Current Assets" as assets used for daily business operations
This definition links "Current Assets" to daily operations.
"Current Assets" means assets that are essential for daily operations and are expected to be consumed, sold, or converted into cash within one year, including inventory and receivables.
Definition of "Current Assets" as easily liquidated assets within the fiscal year
This definition ties "Current Assets" to liquidity within the fiscal year.
"Current Assets" refers to assets that can be easily converted into cash within the current fiscal year, such as marketable securities, cash, and receivables.
Definition of "Current Assets" as assets anticipated to be used or sold within a year
This definition connects "Current Assets" to their expected use or sale.
"Current Assets" means assets that are expected to be used up or sold within one year or within the normal operating cycle of the business, such as cash, accounts receivable, and inventories.
Definition of "Current Assets" as assets held for the purpose of immediate use
This definition links "Current Assets" to their immediate usability.
"Current Assets" refers to assets held by the business with the expectation of using or converting them to cash in the short term, such as receivables, cash equivalents, and inventory.
Definition of "Current Assets" as assets essential for meeting short-term liabilities
This definition ties "Current Assets" to meeting liabilities.
"Current Assets" means assets that are necessary for the business to meet its short-term liabilities, including accounts receivable, cash, and other liquid assets.
Definition of "Current Assets" as assets that are consumed or converted quickly
This definition connects "Current Assets" to their speed of conversion.
"Current Assets" refers to assets that are expected to be consumed or converted into cash quickly, typically within one year, such as inventory, receivables, and cash.
Definition of "Current Assets" as liquid assets for business operations
This definition links "Current Assets" to business liquidity.
"Current Assets" means liquid assets that are available for business operations and are expected to be realized or consumed within a year, including cash, receivables, and inventories.
Definition of "Current Assets" as assets utilized for working capital needs
This definition ties "Current Assets" to working capital.
"Current Assets" refers to assets that are used to support the working capital of the business, including cash, accounts receivable, and inventory that are expected to be converted into cash within the short term.
Definition of "Current Assets" as assets that support short-term business needs
This definition connects "Current Assets" to short-term needs.
"Current Assets" means assets that are expected to be converted into cash, consumed, or sold to support short-term business needs, such as accounts receivable and inventories.
Definition of "Current Assets" as assets available for short-term financial operations
This definition links "Current Assets" to financial operations.
"Current Assets" refers to assets that are available for use in short-term financial operations, such as cash, receivables, and inventory, expected to be realized within a year.
Definition of "Current Assets" as assets with a high level of liquidity
This definition ties "Current Assets" to liquidity.
"Current Assets" means assets that are highly liquid and expected to be converted into cash within one year, such as cash equivalents, receivables, and marketable securities.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.