current asset
noun[usually plural]
ukus(alsocirculating asset)FINANCE,PRODUCTION
anassetsuch ascash,rawmaterials,parts, orproductsthat are still being made, which acompanywill use up orsellduring the sameyear:
Somecurrentassetsareneededtomaintaincompanyoperationsand would notnormallybeavailabletomeetshort-termobligations.
The company'scurrentassetlevelis up from $2.9billionat thestartof theyear.
Compare
fixed asset
capital asset