Current Asset is all of company's assets that can be used to pay off current liabilities within current fiscal period or over next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets, since these assets can be easily liquidated in case the company goes bankrupt. However it is usually not enough to know if a company is in a good shape just based on current asset alone; the amount of current liabilities should always be considered.
Cummins Current Asset Assessment
In accordance with recently published financial statements Cummins Inc has Current Asset of 8.53 B. This is 21.94% higher than that of Industrial Goods sector, and 12.29% higher than that of Diversified Machinery industry, The Current Asset for all stocks is 28.93% higher than the company.
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Cummins is rated below average in current asset category among related companies.
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