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Definition
Quick assets are current assets convertible to cash quickly — cash, cash equivalents and receivables — but excluding stock, which takes longer to sell. They drive the acid-test ratio.
In plain terms
These are the assets you could realistically use to pay a bill next week, without a fire-sale of inventory.
Why it matters for your company
A healthy stock of quick assets is what lets a business absorb a sudden demand for cash. It underpins your true short-term liquidity. See acid-test ratio.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.