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Current assets are resources a business expects to convert into cash, consume, or sell within one year. They represent short-term liquidity and appear at the top of the assets section of the balance sheet.
Cash and bank balances, accounts receivable, inventories, prepaid expenses, and short-term investments. For UAE businesses, both AED and foreign-currency bank balances are current assets.
The current ratio (current assets ÷ current liabilities) is a key liquidity measure. A ratio above 1.0 means the business can cover its immediate obligations. Banks and investors scrutinise this metric.
Non-current assets — property, equipment, and goodwill — are held for longer than a year. Together they form total assets on your financial statement.
Finanshels prepares monthly management accounts showing your current asset position, cash runway, and working capital. Explore our bookkeeping and accounting services.
