Quick assets

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. They are a subset of current assets.

The main components of quick assets typically include:

1. Cash: This is the most liquid asset, representing physical currency and funds held in bank accounts.
2. Cash equivalents: These are highly liquid investments that are easily convertible to known amounts of cash and have a short maturity period
3. Accounts receivable: These are amounts owed to a company by customers for products or services that have been delivered but not yet paid for. 

Quick assets are essential in assessing a company’s liquidity and ability to meet its short-term obligations. ​