Meaning of “net current assets” in the English Dictionary

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"net current assets" in Business English

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net current assetsnoun [ plural ]

uk us ACCOUNTING, FINANCE

a company's assets after its current liabilities (= debts that must be paid within 12 months) have been subtracted from its current assets (= assets that will be used or sold within 12 months):

Shareholder funds and net current assets were in the negative at the end of 2009.

(Definition of “net current assets” from the Cambridge Business English Dictionary © Cambridge University Press)