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Simple English definitions for legal terms

net quick assets

Read a random definition: international application originating in the United States

A quick definition of net quick assets:

Net Quick Assets: This is a term used to describe the amount of money a company has left over after subtracting its liabilities from its quick assets. Quick assets are assets that can be easily converted into cash, such as cash itself, accounts receivable, and inventory. The net quick assets are important because they show how much money a company has available to pay off its debts quickly.

A more thorough explanation:

Definition: Net quick assets refer to the difference between a company's quick assets (assets that can be easily converted into cash) and its current liabilities. It is a measure of a company's ability to pay off its short-term debts using its most liquid assets.

Example: If a company has $100,000 in quick assets (such as cash, marketable securities, and accounts receivable) and $50,000 in current liabilities (such as accounts payable and short-term loans), its net quick assets would be $50,000 ($100,000 - $50,000).

Explanation: The example illustrates how net quick assets are calculated by subtracting current liabilities from quick assets. In this case, the company has enough liquid assets to cover its short-term debts with $50,000 left over. This indicates that the company is in a good financial position and has the ability to meet its obligations in the short term.

net-profits interest | net realizable value

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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