Meaning of the word "current assets" in English
What does "current assets" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
current assets
US /ˈkɜːrənt ˈæsets/
UK /ˈkʌrənt ˈæsets/
Plural Noun
assets that are expected to be converted into cash or used up within one year or one operating cycle, whichever is longer
Example:
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The company's current assets include cash, accounts receivable, and inventory.
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Managing current assets efficiently is crucial for a company's liquidity.
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