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. ​

Ready to grow your business?

Clever finance tips and the latest news

delivered to your inbox, every week

Join the 70,000+ businesses just like yours getting the Swoop newsletter.

Free. No spam. Opt out whenever you like.

We work with world class partners to help us support businesses with finance

Looks like you're in . Go to our site to find relevant products for your country. Go to Swoop No, stay on this page