Total Current Assets
Quick Definition
Assets that are used during company daily operating activities.
Total current assets = 760 million
Total current liabilities = 300 million
Difference - working capital = 460 million
Current ratio = 760 / 300 = 2.53 ...
Total current assets + total non-current assets = the summation of all asset items on the balance sheet.
Total Liabilities
Total current liabilities + total non-current liabilities. Sum of all liability items on the balance sheet.
the current ratio, which is the simplest measure and is calculated by dividing the total current assets by the total current liabilities. A value of over 100% is normal in a non-banking corporation.
A company's total current assets plus total noncurrent assets. Noncurrent assets include property, plant and equipment, and other noncurrent receivables and investments. Total assets can be found on a company's balance sheet.
A company which holds $10,000 in liquid marketable securities and has $40,000 cash in hand would have total current assets of $50,000 for purposes of the cash asset ratio calculation.
 See also: Asset, Current Assets, Cash, Ratio, Cash Flow
  
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