# Current assets

> Assets a company expects to turn into cash, sell or use up within a year, on the balance sheet date.

Updated Oct 17, 2026.

Current assets are what a company expects to turn into cash, sell or use up within a year, or within its operating cycle if that is longer. They include cash and equivalents, short-term investments, receivables from customers, inventory and prepaid expenses.

## How Listed shows it

As reported, the total of the current section of the balance sheet: `AssetsCurrent`, or `CurrentAssets` for IFRS filers. It is an amount on the balance sheet date. It is the numerator of the [current ratio](/glossary/current-ratio).

## When it says "not reported"

Banks, insurers and some other financial companies present an unclassified balance sheet, listing assets by liquidity without a current subtotal. There is no figure to report.

## Related terms

- [Current liabilities](/glossary/current-liabilities.md)
- [Current ratio](/glossary/current-ratio.md)
- [Cash and equivalents](/glossary/cash-and-equivalents.md)

All terms: [/glossary.md](/glossary.md)