non‑current assets
/ˌnɒn ˈkʌrənt ˈæsɛts/ · non·cur·rent·as·sets
noun
- Assets owned by an entity that are not expected to be converted into cash, sold, or consumed within one fiscal year. The company's non‑current assets, such as its manufacturing plant and patents, were listed separately on the balance sheet.
- A classification of long‑term resources on a balance sheet, including property, plant, equipment, intangible assets, and long‑term investments. Investors examined the firm's non‑current assets to assess its long‑term financial stability.
Synonyms
long‑term assetsfixed assetsproperty, plant and equipmentcapital assetsnon‑current resourceslong‑term resourcesnon‑current holdingsnon‑current investments
Antonyms
Did you know? Under International Financial Reporting Standards the term ‘non‑current assets’ is standard, whereas U.S. GAAP often uses the synonym ‘long‑term assets’ to describe the same category.