Current assets is an accounting term used to describe the assets of a business that are cash or can be turned into cash within a year. It includes cash, short-term bank deposits, amounts owed to the company (<a title="Debtor" href="https://quoteddata.com/glossary/debtor/">debtors</a>) that should be received within a year, <a title="Stock or Inventory" href="https://quoteddata.com/glossary/stock-or-inventory/">stock (inventory</a>) and products that they have started to make but aren't yet available for sale (work in progress).