From Longman Business Dictionarynet quick assets ratioˌnet quick ˈassets ˌratioACCOUNTINGFINANCE a calculation of whether a business could pay its debts if sales stopped or slowed down. It takes into account money owed to suppliers, tax authorities etc, things such as bonds that can be easily sold and turned into cash, and money owed by customers etc. Supplies of materials, work in progress, and finished goods are not included as they might not be easily turned into cash → ratio
