Quick Assets


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Related to Quick Assets: working capital, Marketable securities

Quick Assets

Personal property that is readily marketable.

Quick assets are items, such as jewelry, that can be easily converted to cash for immediate use.

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272] explained the use of the two terms: "The term 'Quick assets' is used here in the sense in which it is used by Federal Reserve practice.
Cash flow = Net income + Depreciation + Depletion + Amortization Net worth = Common stockholders' equity + Deferred income taxes Cash = Cash + Marketable securities Quick assets = Cash + Accounts receivable Working capital = Current assets - Current Liabilities Fund expenditures for operations = Operating expenses - Depreciation - Depletion - Amortization Defensive assets = Quick assets
Interestingly, the bank loan required the borrower to maintain a specified level of "quick assets," and the portfolio stock served to meet that requirement.