Noncurrent
Adjective
Noncurrent refers to assets or liabilities that are not expected to be converted into cash or paid off within one year.
The company's balance sheet shows several noncurrent assets, indicating long-term investments.
Usage tips
Formal
noncurrent asset, noncurrent liability, noncurrent receivable
Adjective
Noncurrent refers to assets or liabilities that are not expected to be converted into cash or paid off within one year.
The company's balance sheet shows several noncurrent assets, indicating long-term investments.
Usage tips
Formal
noncurrent asset, noncurrent liability, noncurrent receivable
Definition 1 of 1
Pro Tip 1/3Accounting Context
In finance, 'noncurrent' is important for understanding long-term investments.
A company’s assets must be classified correctly to understand its financial situation.
Pro Tip 2/3Informal Usage
While often used in formal settings, it can also appear in casual discussions about investments.
Casual conversations about finance might not always use the term 'noncurrent' directly.
Pro Tip 3/3Negative Implication
In some contexts, being labeled as 'noncurrent' may imply a lack of activity or relevance.
Noncurrent projects could be deemed as irrelevant in fast-paced environments.
Pro Tip 1/3Accounting Context
In finance, 'noncurrent' is important for understanding long-term investments.
A company’s assets must be classified correctly to understand its financial situation.
Pro Tip 2/3Informal Usage
While often used in formal settings, it can also appear in casual discussions about investments.
Casual conversations about finance might not always use the term 'noncurrent' directly.
Pro Tip 3/3Negative Implication
In some contexts, being labeled as 'noncurrent' may imply a lack of activity or relevance.
Noncurrent projects could be deemed as irrelevant in fast-paced environments.
Pro Tip 1/3Accounting Context
In finance, 'noncurrent' is important for understanding long-term investments.
A company’s assets must be classified correctly to understand its financial situation.
Pro Tip 2/3Informal Usage
While often used in formal settings, it can also appear in casual discussions about investments.
Casual conversations about finance might not always use the term 'noncurrent' directly.
Pro Tip 3/3Negative Implication
In some contexts, being labeled as 'noncurrent' may imply a lack of activity or relevance.
Noncurrent projects could be deemed as irrelevant in fast-paced environments.
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