Financial Statements
Noncurrent Assets
Longer-term assets not expected to be converted into cash within about one year.
Also called: long-term assets
What it means
Noncurrent assets are longer-lived resources such as property, equipment, long-term investments, and certain intangible assets. They are meant to support the business over more than one operating cycle.
Why it matters
They show where a company has invested for long-term operations and growth.