Total Noncurrent Assets

Category

Balance Sheet

Units

Currency

Formula

Total Assets − Total Current Assets (when not reported directly)

US-GAAP elements

AssetsNoncurrentAssetsAssetsCurrent

Reference

ASC 210, Balance Sheet (current vs. noncurrent classification)

Source

Reported in SEC EDGAR filings (US-GAAP XBRL taxonomy)

Total noncurrent assets is the sum of the assets a company does not expect to convert into cash, sell, or use up within one year or its normal operating cycle, whichever is longer. It typically includes property, plant and equipment, operating lease right-of-use assets, long-term investments, goodwill and other intangible assets, long-term receivables, deferred tax assets, and other long-term assets.

These are the assets a company uses to operate over many years, as opposed to the working assets that turn over within the operating cycle.

Regulation S-X Rule 5-02 lists noncurrent asset captions for commercial companies, including other investments (5-02.12), property, plant and equipment (5-02.13), intangible assets (5-02.15), and other assets (5-02.17), but it does not provide a noncurrent subtotal. Most companies go from total current assets to their individual long-term lines and then to total assets without one. In XBRL the subtotal, when reported, is tagged AssetsNoncurrent. Otherwise it is derived by subtracting AssetsCurrent from Assets.

The measure only applies to classified balance sheets. Banks and insurers present assets without a current and noncurrent split under Regulation S-X Articles 9 and 7, so the calculation is not meaningful for them. For other companies, the derived figure absorbs any classification choices on the current side, such as how restricted cash or held-for-sale assets are treated.

Noncurrent assets as a share of total assets is a quick gauge of capital intensity. Utilities, telecom carriers, and manufacturers carry a high share in property and equipment, while companies that have grown by acquisition show a high share in goodwill and intangibles, and many software and service businesses show a low share overall. Because most noncurrent assets are carried at historical cost less depreciation or amortization, their book values can drift far from their economic value, and analysts often look at the composition rather than the total. Comparing them with long-term financing, noncurrent liabilities plus equity, shows whether long-lived assets are funded with long-lived capital.