Components of the balance sheet

The balance sheet can be further broken down to is various components. Assets can be broken down into current assets and non-current assets. Liabilities can be broken down into current liabilities and non-current liabilities. These sub-levels will consist of individual components that makes up the basic building blocks of the balance sheet. Below is a list of important items to know:

Assets

- Current Assets
Cash
Marketable securities or short-term investments
Accounts Receivables
Inventory
- Non-current Assets
Fixed Assets (Property, Plant and Equipment (PP&E)
Intangibles
Long-term investments
Liabilities

- Current Liabilities
Accounts payables
Short-term borrowing (short-term debt)
- Non-current Liabilities
Long-term borrowings (long-term debt)
Other long-term liabilities (pension liabilities, deferred tax liabilities etc)
Shareholders' Equity

Paid-in capital
Retained earnings