Current Assets vs Deposit Liabilities
Current assets of Visa Inc include cash, cash equivalents, short-term investments, accounts receivable, stock inventory and the portion of prepaid liabilities which will be paid within a year. Depending on the nature of the business, current assets can range from barrels of crude oil, to baked goods, to foreign currency. Current assets are important because they are the assets that are used to fund day-to-day operations of Visa. The current portion of Total Assets
, reported if a company operates a classified balance sheet that segments current and non-current assets.
A component of Total Liabilities
representing the total of all deposit liabilities held, including foreign and domestic, interest and noninterest bearing. May include demand deposits, saving deposits, Negotiable Order of Withdrawal and time deposits among others.