A current asset is an asset which is expected to be converted into cash or have all of its benefit realized within one year. Examples include cash (duh), accounts receivable, and prepaid expenses. The total is used as the numerator in the current ratio metric.
Recent Mentions on Fool.com
- Horizontal Drilling Is Heading Out to Sea
- Why Lululemon's Stock Is Down Over 33% in 2014
- A Deep Dive Into 3D Systems, Part 13: Should Investors Buy Into the Hype?
- The Healthiest Thing About Lululemon Athletica
- Ceasars Default Notice Alters Shareholder Odds
- The Procter & Gamble Company: New Revenue, Old Problems