Are Bonds Current Assets?

A bond may or may not be a current asset depending on its time to maturity.

A current asset is any asset that will provide an economic benefit for or within one year. As such, bonds with maturities of a year or less, such as US Treasury Bills, are considered short-term investments and are current assets. Most other types of bonds will stay on a company’s balance sheet for longer than a year, making them non-current assets.