Definitions for "Current Asset"
Cash or items on the balance sheet that will be turned into cash in a relatively short period, usually a year or less. Current assets include such items as cash, accounts receivable, inventory, short-term investments, and prepaid expenses.
Assets normally expected to be converted to cash or consumed during the normal operating business cycle (or one year), which usually includes cash, marketable securities, accounts receivable and inventory.
covers mainly stock, debtors and cash values.