What is quick ratio

  Quick ratio, also known as acid-test ratio, is a financial indicator that measures short-term liquidity. It indicates the ability of a company to raise money to pay its bills within the next 90 days. Quick ratio, also known as acid test ratio, measures a company’s ability to pay its short term liabilities. Quick ratio is the sum of current liabilities and quick assets. Also known as the acid test ratio and quick liquidity ratio.

    Quick assets Total cash, cash equivalents, i.e. money markets accounts, certificates or deposits, savings accounts, Treasury bill that matures within 90 days, Treasury bills, Treasury bills, marketable securities (publicly listed stocks and bonds, commercial papers) and receivables. It doesn't include inventory or prepaids, which cannot be quickly converted into cash.
    Current obligations: These are obligations which must be fulfilled within one year. These include common account payables such as wages and taxes, interest, utility bills, and insurance. This includes the current long-term debt, which must be paid in the following year.

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