Admitted Assets
assets admitted by state law to be included in an insurance company's annual statement. These assets are an important item when regulators measure insurance company solvency. They may include mortgages, stocks, bonds and real estate. |
Similar financial terms
AssetsAnything that the firm owns. In the balance sheet, assets are divided into intangible assets and tangible assets.
Current Assets
The value of assets held at the Balance Sheet date that are represented by cash, or can be expected to be converted into cash within the next 12 months.
Deferred assets
Payments that will be assigned as expenses in a later period, but that are paid in advance and temporarily set up as assets on the balance sheet.
Fixed assets
Alternative name for noncurrent assets.
Acquisition of assets
A merger or consolidation in which an acquirer purchases the selling firm's assets.
Return on total assets
The ratio of earnings available to common stockholders to total assets.
Return on assets (ROA)
Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets).
Residual assets
Assets that remain after sufficient assets are dedicated to meet all senior debtholder's claims in full.
Reproducible assets
A tangible asset with physical properties that can be reproduced, such as a building or machinery.
Real assets
Identifiable assets, such as buildings, equipment, patents, and trademarks, as distinguished from a financial obligation.
Quick assets
Current assets minus inventories.
Publicly traded assets
Assets that can be traded in a public market, such as the stock market.
Other current assets
Value of non-cash assets, including prepaid expenses and accounts receivable, due within 1 year.
Non-reproducible assets
A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art.
Net assets
The difference between total assets on the one hand and current liabilities and noncapitalized longterm liabilities on the other hand.
Long-term assets
Value of property, equipment and other capital assets minus the depreciation. This is an entry in the bookkeeping records of a company, usually on a "cost" basis and thus does not necessarily reflect the market value of the assets.
