Non-Current Assets Definition

A non-current asset is an asset which is not expected to be converted into cash within the next year. Non-current assets are also known as long-term assets or fixed assets.

Some examples of non-current assets include:

Property, plant, and equipment – such as land, buildings, machinery, and vehicles

Intangible assets – such as patents, copyrights, and goodwill

Investments in other companies – such as equity investments and debt securities

Deferred tax assets – such as tax credits that can be used to offset future taxes