fixed assets

USAGE SUMMARY

The phrase "fixed assets" is correct and usable in written English. You can use it in financial contexts to refer to long-term tangible assets that are not expected to be converted into cash within a year. An example: "The company's fixed assets include buildings, machinery, and equipment." Alternative expressions include "long-term assets," "tangible assets," and "capital assets."

✓ Grammatically correct

Formal & Business

News & Media

Science

Encyclopedias

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

There were no fixed assets purchased specifically for IPTi, but we accounted for hired fixed assets under transport and buildings.

BMC Health Services Research

…basic categories of investments are current assets and fixed assets.

Britannica

The fixed assets required for pilot construction determine capital costs of a future commercial plant.

Massachusetts Institute of Technology

With fixed assets, a landlord is assigned a share of depreciation.

The New York Times

9. Financial position (accounts receivable, cash position, outstanding obligations, inventories, fixed assets, and payment record).

Harvard Business Review

LovePeople has fixed assets of negligible value.

Forbes

"The traditional hierarchical org structure was developed to control, and steward fixed assets," Whitehurst told me.

TechCrunch

They're also more modular than light rail systems, requiring a lower footprint and fewer fixed assets.

Forbes

"These things are like hurricanes they turn fixed assets into cash," says Lehmann.

Forbes

Allied claims this sum is safely backed by receivables and fixed assets.

Forbes

Much of China's recent growth is still coming from government-guided investment in fixed assets.

Forbes

Expert writing Tips

Best practice

When discussing a company's financial health, clearly distinguish between "fixed assets" and current assets to provide a comprehensive overview of their holdings.

Common error

Avoid using "fixed assets" interchangeably with current assets like cash or inventory. "Fixed assets" are long-term investments, while current assets are short-term resources readily convertible to cash.

Linguistic Context

The phrase "fixed assets" functions primarily as a noun phrase. Ludwig AI indicates it is used to refer to long-term tangible assets in financial contexts. Examples from Ludwig show its use in discussing company finances, depreciation, and investment strategies.

Expression frequency: Very common

Frequent in

News & Media

28%

Science

28%

Formal & Business

13%

Less common in

Encyclopedias

5%

Wiki

5%

Academia

3%

Ludwig's WRAP-UP

In summary, "fixed assets" is a common and grammatically correct noun phrase used to describe long-term tangible assets in business and finance. Ludwig AI confirms its correct usage and wide applicability. The phrase appears most frequently in news, science, and business contexts. When writing about finances, remember that "fixed assets" are distinct from current assets and contribute to the long-term value of a company. Alternative phrases include "capital assets" and "tangible assets", each with slightly different nuances. Understanding the proper use of "fixed assets" is crucial for accurate financial communication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

capital assets

Broader term encompassing all assets used in production, including both tangible and intangible.

tangible assets

Focuses on the physical nature of the assets, excluding intangible ones.

property, plant, and equipment

More detailed breakdown specifying the types of assets included.

long-term assets

Emphasizes the extended period over which these assets are expected to provide benefit.

non-current assets

Accounting term indicating assets not expected to be converted to cash within one year.

capital goods

Focuses on the economic function of these assets in producing other goods.

productive assets

Highlights the role of these assets in generating income or output.

business assets

A more general term that includes all assets owned by a business, but can encompass current assets as well.

illiquid assets

Focuses on the difficulty of converting these assets into cash quickly.

hard assets

Emphasizes the inherent value and stability of the assets, often used in investment contexts.

FAQs

How are "fixed assets" typically used in financial statements?

"Fixed assets" are listed on the balance sheet under the non-current assets section, reflecting their long-term nature and contribution to the company's value.

What are some common examples of "fixed assets"?

Examples of "fixed assets" include buildings, land, machinery, equipment, and vehicles.

How does depreciation affect the value of "fixed assets"?

Depreciation is the process of allocating the cost of "fixed assets" over their useful life, reflecting the gradual decrease in their value due to wear and tear or obsolescence. The amount of depreciation expense is recorded each period on the income statement.

What's the difference between "capital assets" and "fixed assets"?

"Fixed assets" are a subset of capital assets, specifically referring to tangible assets used in business operations. "Capital assets" can also include intangible assets like patents and trademarks.