When it comes to financial statements, nonliquid assets are the least desirable parts. But despite their name, they have value that can be unlocked over time. Nonliquid assets refer to anything a company owns that cannot be quickly converted into cash due to their long-term nature. These include fixed assets, property, plant & equipment, intangible assets, and investments in other businesses. Synonyms for non-liquid assets includes illiquid assets, long-term assets, non-current investments or property, as well as capital assets and hard assets. Such assets are crucial because they can offer income streams such as rent, and they appreciate over time, providing excellent returns on investment.