{"id":72602,"date":"2024-11-12T18:18:57","date_gmt":"2024-11-12T16:18:57","guid":{"rendered":"https:\/\/www.sage.com\/en-za\/blog\/?p=72602"},"modified":"2024-11-12T18:19:43","modified_gmt":"2024-11-12T16:19:43","slug":"what-is-quick-ratio","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-za\/blog\/what-is-quick-ratio\/","title":{"rendered":"What is quick ratio?"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/category\/money-matters\/\" class=\"entry-header__link\">Money Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tWhat is quick ratio?\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2024-11-12T18:18:57+02:00\">November 12, 2024<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"What is quick ratio?\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-quick-ratio\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-za\/blog\/author\/asavinwattanajantra\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/Asavin-350x350.jpg\" class=\"entry-author__image\" alt=\"Asavin\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/Asavin-350x350.jpg 350w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/Asavin-768x768.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/Asavin-810x810.jpg 810w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/03\/Asavin.jpg 1000w\" sizes=\"auto, (max-width: 40px) 100vw, 40px\" \/>\t\t\t\t<span class=\"entry-author__name\">Asavin Wattanajantra<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The quick ratio, or \u201cacid test,\u201d is a financial metric that measures your <strong>business\u2019s liquidity\u2014your ability to meet short-term obligations using only your most liquid assets<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This ratio reflects your business\u2019s capacity to cover expenses, pay employees, and make necessary investments without delay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The quick ratio focuses on assets that can be converted to cash&nbsp;quickly, such as cash reserves and receivables, and <strong>shows your company\u2019s financial flexibility and resilience.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Usually, for your business:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>a <strong>higher ratio signals greater liquidity <\/strong>and a<strong> stronger position to handle your immediate commitments<\/strong>,<\/li>\n\n\n\n<li><strong>a lower ratio <\/strong>could indicate that you have <strong>limited flexibility for meeting short-term obligations<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Immediate financial commitments\/obligations could include expanding product lines, hiring talent, or managing customer acquisition costs.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-here-s-what-we-ll-cover\">Here\u2019s what we\u2019ll cover<\/h4>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-how-to-calculate-the-quick-ratio\" data-level=\"2\">How to calculate the quick ratio<\/a><\/li><li><a href=\"#h-what-does-the-quick-ratio-tell-you\" data-level=\"2\">What does the quick ratio tell you?<\/a><\/li><li><a href=\"#h-possible-industry-applications-of-the-quick-ratio\" data-level=\"2\">Possible industry applications of the quick ratio<\/a><\/li><li><a href=\"#h-quick-ratio-versus-current-ratio-the-key-differences\" data-level=\"2\">Quick ratio versus current ratio: The key differences<\/a><\/li><li><a href=\"#h-cash-ratio-versus-quick-ratio\" data-level=\"2\">Cash ratio versus quick ratio<\/a><\/li><li><a href=\"#h-the-power-of-the-quick-ratio-in-financial-analysis\" data-level=\"2\">The power of the quick ratio in financial analysis<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-to-calculate-the-quick-ratio\">How to calculate the quick ratio<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-formula\">Formula<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Quick ratio = (current assets \u2013 inventory) \/ current liabilities<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here\u2019s how it breaks down:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Current assets: <\/strong>assets that can be turned into cash within a year, like cash, accounts receivable, and marketable securities.<\/li>\n\n\n\n<li><strong>Inventory: <\/strong>excluded from the quick ratio as it may take time to sell; for example, unsold stock in a retail store<strong>.<\/strong><\/li>\n\n\n\n<li><strong>Current liabilities: s<\/strong>hort-term obligations due within a year, such as supplier bills, wages, or short-term loans.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-example\">Example<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Your company has R500,000 in current assets, R100,000 in inventory, and R200,000 in current liabilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Subtract inventory from current assets: R500,000 \u2013 R100,000 = R400,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Divide by current liabilities to get the quick ratio: R400,000 \/ R200,000 = 2.0.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>A quick ratio of 2.0 shows that your company has twice as many liquid assets as needed to cover its short-term liabilities.<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-the-quick-ratio-tell-you\">What does the quick ratio tell you?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Generally, a quick ratio above 1.0 suggests that your company can comfortably meet its immediate obligations.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>CFO tip: recognise red flags<br><br>A sudden drop in your quick ratio could signal delayed payments or cash flow issues. Review your accounts receivable regularly and watch for patterns of late payments from key clients.<\/p><\/blockquote><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-is-a-good-quick-ratio\">What is a good quick ratio?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The ideal quick ratio could vary by industry. For example, if your industry average is 3.0, a ratio of 2.0 might indicate relatively weaker liquidity<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>CFO tip: improve your quick ratio<br><br>Reducing unnecessary expenses, deferring non-essential capital expenditures and renegotiating supplier terms can quickly boost your quick ratio by keeping liquid assets readily available.<\/p><\/blockquote><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-possible-industry-applications-of-the-quick-ratio\">Possible industry applications of the quick ratio<\/h2>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-manufacturing-and-retail\"><strong>Manufacturing<\/strong> <strong>and retail<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">High inventory levels can slow liquidity, making the quick ratio a valuable tool to focus on truly liquid assets.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A ratio above 1.5 can help cover short-term obligations despite delayed cash inflows.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-saas\"><strong>SaaS<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">With minimal inventory, SaaS companies can rely on accounts receivable and cash reserves as primary liquid assets.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A ratio of around 1.0 generally covers liabilities and frees up funds for growth initiatives.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-financial-services\"><strong>Financial services<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Liquidity is crucial for financial institutions to meet sudden cash demands during market volatility.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A ratio above 1.0 ensures resilience, allowing coverage of short-term liabilities without disrupting investments.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-professional-services\"><strong>Professional services<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Professional services firms rely on accounts receivable rather than inventory.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A ratio around 1.0 is typically sufficient to cover expenses, maintaining cash flow for payroll and operational needs.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-healthcare\"><strong>Healthcare<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Healthcare providers face cash flow delays due to insurance reimbursements and fluctuating patient volumes.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A ratio above 1.0 supports financial stability, enabling coverage of immediate costs like payroll and medical supplies.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-quick-ratio-versus-current-ratio-the-key-differences\">Quick ratio versus current ratio: The key differences<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Another term that you may encounter could be the <strong>current ratio.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Quick ratio<\/strong><\/td><td><strong>Current ratio<\/strong><\/td><\/tr><tr><td><strong>Definition<\/strong><\/td><td>Measures your company\u2019s ability to cover immediate obligations using the most liquid assets, <strong>excluding inventory.<\/strong><\/td><td>Measures your company\u2019s ability to cover short-term obligations using all current assets, <strong>including inventory.<\/strong><\/td><\/tr><tr><td><strong>Formula<\/strong><\/td><td>(Current assets \u2013 Inventory) \/ current liabilities<\/td><td>Current assets \/ current liabilities<\/td><\/tr><tr><td><strong>Best use case<\/strong><\/td><td>For industries where inventory is not easily converted to cash, e.g., manufacturing.<\/td><td>For industries where inventory turnover is high, e.g., retail.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-the-quick-ratio-is-a-conservative-measure-of-liquidity\">The quick ratio is a conservative measure of liquidity<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The quick ratio focuses on your company\u2019s ability to meet short-term obligations using only your most liquid assets, excluding inventory.<\/li>\n\n\n\n<li>This conservative approach is excellent for assessing liquidity when your inventory cannot quickly convert to cash (like manufacturing or retail). It is a reliable indicator for industries where rapid access to cash is essential.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-the-current-ratio-is-a-broader-view-of-assets\">The current ratio is a broader view of assets<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The current ratio, calculated as <strong>current assets \/ current liabilities<\/strong>, includes all current assets, like cash, receivables, and inventory.<\/li>\n\n\n\n<li>In inventory-heavy industries like retail or manufacturing, your current ratio may appear strong even when a significant portion of assets is tied up in stock.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-what-a-difference-between-quick-and-current-ratios-could-mean\">What a difference between quick and current ratios could mean<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If you have high inventory levels, a high current ratio but a&nbsp;lower quick ratio can indicate potential liquidity risks if inventory takes time to sell.<\/li>\n\n\n\n<li>If inventory turnover slows, a lower quick ratio signals potential cash flow issues. In contrast, a <a href=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-just-in-time-inventory\/\" target=\"_blank\" rel=\"noreferrer noopener\">just-in-time inventory model<\/a> or reduced stock levels can improve cash flow and align these ratios more closely.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-when-the-quick-and-current-ratios-are-the-same\">When the quick and current ratios are the same<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>When the quick and current ratios are equal, it usually indicates minimal or no inventory\u2014common in-service industries like SaaS, where assets are liquid.<\/li>\n\n\n\n<li>This alignment often reflects efficient financial management, high liquidity, and an asset structure that supports swift responses to opportunities, which investors and creditors like.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-cash-ratio-versus-quick-ratio\">Cash ratio versus quick ratio<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The cash ratio measures your company\u2019s ability to cover short-term obligations using only cash and cash equivalents. <strong>Unlike the quick ratio, it excludes accounts receivable.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Formula<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cash ratio = (cash + cash equivalents) \/ current liabilities<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>When to use<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The cash ratio is ideal for assessing immediate liquidity without assuming future collections, but it may be too conservative for businesses that collect payments reliably, like SaaS or professional services.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-practical-applications-of-the-quick-ratio-in-business\">Practical applications of the quick ratio in business<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The quick ratio is invaluable for creditors, investors, and executives like CFOs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Creditors use it to gauge a company\u2019s ability to repay loans, while investors gain insights into its short-term financial stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Internally, you can use the quick ratio to assess liquidity, plan future expenditures, and identify opportunities to enhance cash flow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Here\u2019s an example.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Imagine a mid-sized manufacturing firm.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You review the quarterly financials and notice a dip in the quick ratio from 1.8 to 1.2.<\/li>\n\n\n\n<li>Recognising this as a potential liquidity concern, you investigate further and find that increased accounts payable have temporarily strained your cash flow, although sales are steady.<\/li>\n\n\n\n<li>To counter this, you postpone some non-essential capital expenditures, freeing up liquid assets to improve the quick ratio.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s how your numbers might look.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1. Previous quarter quick ratio calculation (1.8):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Current assets (excluding inventory): R180,000<\/li>\n\n\n\n<li>Current liabilities: R100,000<\/li>\n\n\n\n<li>Quick ratio = 180,000\/100,000 = 1.8<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2. Current quarter quick ratio calculation (1.2):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Due to an increase in accounts payable, <strong>current liabilities <\/strong>have risen to R150,000, while <strong>current assets (excluding inventory)<\/strong> remain stable at R180,000.<\/li>\n\n\n\n<li>Quick ratio = 180,000\/150,000 = 1.2<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3. Your action and impact<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>To improve liquidity, you defer R30,000 in non-essential capital expenditure, increasing current assets (excluding inventory) to R210,000.<\/li>\n\n\n\n<li>The revised quick ratio = 210,000\/150,000 = 1.4<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Through this proactive measure, you effectively improve your firm\u2019s quick ratio from 1.2 to 1.4, strengthening your short-term liquidity position and mitigating potential financial strain.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>CFO tip: Set a quick ratio target<br><br>Establish a quick ratio benchmark for your business and track it monthly.<br>For example, set a target ratio of 1.2 or higher to comfortably meet short-term liabilities without relying on slower-moving assets like inventory.<\/p><\/blockquote><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-power-of-the-quick-ratio-in-financial-analysis\">The power of the quick ratio in financial analysis<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Traditionally, calculating the quick ratio was a manual process, where finance teams would pull data from various sources, including balance sheets and accounts, to gather current assets and liabilities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While the formula is straightforward, the time and effort needed to obtain and verify accurate figures to plug in were often substantial.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This slow, manual approach could lead to outdated insights, making relying on the quick ratio for real-time financial decision-making challenging.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-tech-can-boost-your-quick-ratio-analysis\">How tech can boost your quick ratio analysis<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Modern financial technology (such as Sage Intacct) boosts the speed and accuracy of quick ratio analysis, supporting agile financial management.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You could benefit from:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Real-time insight:<\/strong> automated tools reduce errors and offer up-to-date insights, helping you make immediate decisions.<\/li>\n\n\n\n<li><strong>Integrated data:<\/strong> cloud-based platforms can centralise financial data, making metrics like the quick ratio accessible and reliable.<\/li>\n\n\n\n<li><strong>Custom dashboards and alerts:<\/strong> track ratios over time and receive alerts for significant changes, allowing proactive liquidity management.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>CFO tip: Stay on top of accounts receivable<br><br>To maintain a healthy quick ratio, streamline your accounts receivable process with regular follow-ups and early payment incentives to keep liquidity strong.<\/p><\/blockquote><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-final-thoughts\">Final thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The quick ratio is a strategic tool&nbsp;that offers insight into your company\u2019s liquidity and financial readiness. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Regular monitoring gives you time to adjust spending, defer expenses, or focus on collections as needed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Set a quick ratio benchmark that aligns with industry standards to ensure your business is well-positioned for stability and growth.<\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to the Sage Advice enewsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-84fe79b5-668d-41f8-a0cc-6229018c4ac9\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg\" class=\"single-cta__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2022\/04\/GettyImages-1181404518-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tbusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/financial-insights\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tfinancial insights\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-za\/blog\/tag\/profit-loss\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tprofit &amp; loss\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-76618 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership category-trends-insights tag-business-intelligence tag-business-management tag-business-strategy tag-employee-benefits tag-hr-payroll business_type-small-business business_type-medium-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"720\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/09\/HPF_Static_Danielle_Option1-Final-1440x720-1.jpg\" class=\"card-post__image\" alt=\"A woman stands in front of the Sage glowline with a black background.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/09\/HPF_Static_Danielle_Option1-Final-1440x720-1-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/09\/HPF_Static_Danielle_Option1-Final-1440x720-1-768x384.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2026\/09\/HPF_Static_Danielle_Option1-Final-1440x720-1.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-09T15:29:07+02:00\">September 9, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-employee-experience\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tWhat is employee experience and why is HR struggling to deliver it?\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tDiscover the biggest barriers to improving employee experience and practical steps to create more time for people-focused work.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-72451 post type-post status-publish format-standard has-post-thumbnail hentry category-strategy-legal-operations category-trends-insights tag-business-intelligence tag-business-management tag-financial-insights tag-making-financial-decisions tag-profit-loss tag-staying-competitive tag-trending-topics business_type-small-business business_type-medium-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/what-is-depreciation\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1177851223-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1177851223-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1177851223-768x512.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-1177851223-1215x810.jpg 1215w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T13:44:45+02:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">9 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tA guide to understanding depreciation\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post 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https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-768x512.jpeg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2025\/08\/Mar2025_Construction-Commerical_0777-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-25T12:53:32+02:00\">June 25, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">12 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tMarkup calculator: how to calculate markup\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-76358 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-strategy-legal-operations tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-profit-loss business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-reports-guide\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg\" class=\"card-post__image\" alt=\"Two businesswomen looking at report on tablet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/07\/resize-1675x1275-38-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T12:39:10+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tThe ultimate guide to accounts payable reports and reporting\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-76331 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters category-trends-insights tag-accountants tag-audit tag-bookkeeping tag-business-intelligence tag-business-management tag-profit-loss tag-staying-competitive tag-tax business_type-small-business business_type-medium-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-za\/blog\/accounts-payable-process\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-684x384.jpg 684w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-768x585.jpg 768w, https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2019\/04\/GettyImages-175138802_super-1064x810.jpg 1064w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-06-04T11:51:14+02:00\">June 4, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">8 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is the accounts payable process? Steps, workflow and how to improve it\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Demystifying the quick ratio in accounting: understanding its formula, significance, calculation, and how it compares to the Current Ratio.<\/p>\n","protected":false},"author":356,"featured_media":71378,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"[]","_yoast_wpseo_keywordsynonyms":"[\"\"]","_yoast_wpseo_primary_category":"25","sage_membership_post_content_type":"article","sage_membership_post_featured_video_id":"","sage_membership_post_video_type":"trailer","sage_membership_post_featured_video_duration":"","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[33,25,27],"tags":[315,189,339],"business_type":[3],"lilypad":[],"context":[],"industry":[],"persona":[12,16],"imagine_tag":[63,84,374],"coauthors":[402],"class_list":["post-72602","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-planning","category-money-matters","category-strategy-legal-operations","tag-business-intelligence","tag-financial-insights","tag-profit-loss","business_type-medium-business"],"sage_meta":{"region":"en-za","author_name":"Asavin Wattanajantra","featured_image":"https:\/\/www.sage.com\/en-za\/blog\/wp-content\/uploads\/sites\/9\/2023\/09\/GettyImages-875247398.jpg","imagine_tags":{"63":"Business intelligence","84":"Midsized business","374":"Reporting"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice South Africa","distributor_original_site_url":"https:\/\/www.sage.com\/en-za\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/72602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/users\/356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/comments?post=72602"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/posts\/72602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media\/71378"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/media?parent=72602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/categories?post=72602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/tags?post=72602"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/business_type?post=72602"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/lilypad?post=72602"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/context?post=72602"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/industry?post=72602"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/persona?post=72602"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/imagine_tag?post=72602"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-za\/blog\/api\/wp\/v2\/coauthors?post=72602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}