Built and fact-checked by the DocNectar team — see our editorial standards
Key Features
Instant Calculation
Get accurate results in real time with our optimized algorithm.
Mobile Friendly
Fully responsive design. Works on all devices & screen sizes.
Privacy Focused
Your data stays on your device. We don't store any inputs.
100% Free
No hidden costs. This tool is completely free forever.
Quick assets are a company's most liquid current assets — the ones that can be converted to cash quickly if needed, excluding inventory (which takes time to sell) and prepaid expenses (which aren't convertible to cash at all). This figure is the numerator in the Quick Ratio.
How it works
Enter current assets, inventory, and prepaid expenses, and the calculator applies Quick Assets = Current Assets − Inventory − Prepaid Expenses.
- Enter current assets ($).
- Enter inventory ($).
- Enter prepaid expenses ($).
- Click Calculate to see your results.
Examples
Excluding illiquid current assets
A company with $200,000 of current assets, $50,000 of inventory, and $10,000 of prepaid expenses has $140,000 of quick assets — the portion that could realistically be converted to cash quickly.
Who should use it
- Computing the Quick Ratio for liquidity analysis.
- Balance sheet and working-capital review.
Industry applications
- Corporate finance and financial analysis
- Credit analysis and lending decisions
Advantages
- Isolates genuinely liquid assets from the full current-assets figure.
- Simple, direct calculation from figures already on a balance sheet.
Limitations
- On its own (without comparing to current liabilities), it doesn't indicate whether liquidity is actually sufficient.
Common mistakes to avoid
- Forgetting to subtract prepaid expenses, not just inventory, from current assets.
- Using this figure interchangeably with total current assets — they answer different liquidity questions.
Best practices
- Use the resulting quick assets figure together with current liabilities (via the Quick Ratio Calculator) rather than as a standalone number.
Tips
- Feed this calculator's result straight into the Quick Ratio Calculator (dividing by current liabilities) for a complete short-term liquidity picture.