# Is Current Assets the Same as Total Assets? ### Written byTrue Tamplin, BSc, CEPF®

Updated on January 02, 2023

No, current assets are not the same as total assets. A current asset is any asset that will provide an economic value for or within one year. Total assets accounts for all current assets, but also for long-term fixed assets, intangible assets, and other non-current assets. Therefore a company’s current assets are only one part of its total assets. The ratio between current assets and total assets is known as the “Current Assets to Total Assets Ratio” (CATA Ratio). The Current Assets to Total Assets Ratio formula is: CATA = Current Assets / Total Assets

## Is Current Assets the Same as Total Assets? FAQs

### Are current assets the same as total assets?

No, current assets are not the same as total assets.

### What is a current asset?

A current asset is any asset that will provide an economic value for or within one year.

### What are total assets?

Total assets accounts for all current assets, but also for long-term fixed assets, intangible assets, and other non-current assets.

### Why aren't current assets the same as total assets?

Therefore a company’s current assets are only one part of its total assets. 