Total Assets

Definition: Total Assets is the sum of all current assets and non-current (long-term) assets reported on a company's balance sheet. Total Assets = Current Asse…

Total Assets is the sum of all current assets and non-current (long-term) assets reported on a company's balance sheet. Total Assets = Current Assets + Non-Current Assets. By the accounting equation, Total Assets = Total Liabilities + Stockholders' Equity. It represents everything the company owns or controls that has measurable economic value, including cash, receivables, inventory, prepaid expenses, property, plant and equipment, intangible assets, goodwill, and long-term investments. Total Assets is the denominator in many key ratios such as Return on Assets, Asset Turnover, and Debt-to-Assets.