Fixed assets are a type of non-current asset. Fixed assets are also referred to as property, plant, and equipment (PP&E). In other words, fixed assets are tangible non-current assets such as machinery, buildings, vehicles, furniture, and land.

Do fixed assets count as current assets?

Companies categorize the assets they own and two of the main asset categories are current assets and fixed assets; both are listed on the balance sheet. ... Current assets are short-term assets, which are held for less than a year, whereas fixed assets are typically long-term assets, held for more than a year.

Are fixed assets Non-current assets?

Fixed assets are a form of noncurrent assets. Other noncurrent assets include long-term investments and intangibles.