Is Interest Receivable a Current Asset?

Written by True Tamplin, BSc, CEPF®

Updated on January 02, 2023

Interest receivable is usually considered a current asset, but may be non-current under one exception. Current assets are any assets that will provide an economic value for or within one year. Interest receivable is an amount of interest that is owed but has not yet been paid. Usually interest receivable is expected to be paid within a year, making it a current asset. In the rarer occasion that there is no expectation of payment within one year, then it may be considered a non-current asset.

Is Interest Receivable a Current Asset FAQs

Is interest receivable a current asset?

Interest receivable is usually considered a current asset, but may be non-current under one exception.

What are current assets?

Current assets are any assets that will provide an economic value for or within one year.

What is interest receivable?

Interest receivable is an amount of interest that is owed but has not yet been paid.

How often is interest receivable paid?

Usually, interest receivable is expected to be paid within a year, making it a current asset.

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.