Quick assets are the most liquid subset of a company's current assets — those that can be converted into cash within 90 days or less, typically without significant loss of value. Quick assets include cash and cash equivalents, marketable securities (short-term investments), and net trade receivables — explicitly excluding inventories and prepaid expenses, which take longer to convert to cash. Quick assets are the numerator in the Quick Ratio (also called the Acid-Test Ratio): Quick Ratio = Quick Assets ÷ Current Liabilities. A quick ratio above 1 indicates that a company can meet all its short-term obligations using only its most liquid assets without relying on inventory liquidation. For equity analysts and investors on Ventura Securities, the quick ratio and the composition of quick assets are critical liquidity indicators — particularly for companies in inventory-intensive industries (FMCG, retail, manufacturing) where inventory may not be quickly convertible to cash, and for financial institutions where the quality and liquidity of short-term asset portfolios directly determine the ability to meet depositor and creditor obligations.
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