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Current assets
Practical Law ANZ Glossary w-005-8803 (Approx. 2 pages)
Glossary
Current assets
Assets that are expected to be converted to cash or another asset or otherwise used up within the longer of:
- 12 months from the date of a company's balance sheet.
- One operating cycle of the company.
Cash, debtors, stock, temporary investments and work in progress are examples of current assets.
The amount of current assets is used to determine a company's working capital.