what is Tangible Asset and Tangible Equity
An asset that represents a physical object such as land, furniture,and buildings. Under accounting rules, a tangible asset must have a useful lifegreater than one year, and must be used in business operations rather thanbeing held for resale. The following types of assetsare not considered to be tangible assets: items held for resale,which are considered to be inventory, cash and other liquid assets whichare considered as current assets, and abstract assets such as goodwill,which are intangible assets. See also tangible equity.
Equity less intangible assets. See the ratios of debt totangible equity, fixed assets to tangible equity, and return ontangible equity.