Quick assets, also known as liquid assets or current liquid assets, refer to a company’s most readily convertible and easily marketable assets<\/a> into cash within a short period, typically within one year or less. <\/span><\/p>\n They are a subset of current assets<\/a>.<\/span><\/p>\n The main components of quick assets typically include:<\/span><\/p>\n Quick assets are essential in assessing a company’s liquidity<\/a> and ability to meet its short-term obligations<\/a>.\u00a0<\/span><\/p>\n Company XYZ’s balance sheet shows the following assets:<\/p>\n To calculate the quick assets, we exclude inventory and prepaid expenses since they are not easily convertible into cash:<\/p>\n Quick assets = \u20ac50,000 + \u20ac30,000 + \u20ac20,000 = \u20ac100,000<\/p>\n In this example, Company XYZ’s quick assets total \u20ac100,000, which represents the amount of assets that can be quickly converted into cash to meet short-term obligations or unexpected expenses.<\/p>\n","protected":false},"author":1,"template":"","class_list":["post-29691","business-glossary","type-business-glossary","status-publish","hentry"],"acf":[],"featured_image_urls_v2":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","image_blog":"","image_blog_full":"","image_podcast":"","image_banking":"","image_blog_internal":"","image_blog_medium":"","image_single_banking":""},"post_excerpt_stackable_v2":" Definition Quick assets, also known as liquid assets or current liquid assets, refer to a company’s most readily convertible and easily marketable assets into cash within a short period, typically within one year or less. What are quick assets? They are a subset of current assets. The main components of quick assets typically include: Cash: This is the most liquid asset, representing physical currency and funds held in bank accounts. Cash equivalents: These are highly liquid investments that are easily convertible to known amounts of cash and have a short maturity period Accounts receivable: These are amounts owed to a…<\/p>\n","category_list_v2":"","author_info_v2":{"name":"root","url":"https:\/\/swoopfunding.com\/ie\/author\/root\/"},"comments_num_v2":"0 comments","_links":{"self":[{"href":"https:\/\/swoopfunding.com\/ie\/wp-json\/wp\/v2\/business-glossary\/29691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/swoopfunding.com\/ie\/wp-json\/wp\/v2\/business-glossary"}],"about":[{"href":"https:\/\/swoopfunding.com\/ie\/wp-json\/wp\/v2\/types\/business-glossary"}],"author":[{"embeddable":true,"href":"https:\/\/swoopfunding.com\/ie\/wp-json\/wp\/v2\/users\/1"}],"wp:attachment":[{"href":"https:\/\/swoopfunding.com\/ie\/wp-json\/wp\/v2\/media?parent=29691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What are quick assets?<\/h3>\n
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Example of quick assets<\/h3>\n
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