Tangible Asset Definition

A tangible asset is an item owned by a business that has a physical presence, such as a piece of equipment or a vehicle.

Tangible Asset Extended Definition
When an item can be physically seen or felt, it is a tangible asset. Tangible assets add value to a business’s net worth.

Examples of tangible assets include:

• Land
• Cash
• Equipment
• Vehicles
• Inventory
• Other property

You might protect your tangible assets with insurance, use them as collateral to secure a loan or turn them into cash.

Related Article
Your Go-to Guide to Understanding Tangible Assets

Last Updated By

Rachel Blakely-Gray | Apr 18, 2023