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
- Which Big Oil Stock Would Benjamin Graham Buy Today?
- 3 Energy Stocks That Would Suit the Intelligent Investor
- Williams Companies Earnings: Ignore the Earnings Miss and Focus on These 3 Things Instead
- 5 Most Hated Companies in Energy
- Union Pacific Corporation?s Liabilities: 3 Facts Investors Should Know
- Investigating a Potential Employer: Using Financial Metrics to Protect Your Future