Quick Assets

See: Quick Ratio.

Quick assets are assets that can be turned into cash within a year.

Tractor smelting factory? Um, no. Fifty thousand shares of AMZN? Yes.

"We need cash quick." That's the thinking, anyway. The Quick Ratio is a more conservative measure of quickness than the Current Ratio, in that the Quick excludes inventory, which is often only turn-over-able-into-cash at much lower prices than book values carried, and often takes longer.