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          Small Businesses

          For those businesses are just getting started and have less history. Typically 1-20 employees.

          Midsize Businesses

          For those businesses who've been at it for a while, and are between 21-500.

        • INDUSTRIES


          For construction companies looking to streamline budgeting and expense management processes.


          For fast-paced software businesses that need a platform that can keep up with their growth.

          Accounting Firms

          For accounting firms to streamline the spend and expense management of your clients making life easier for you and them.

          E-commerce and Retail

          For e-commerce and retail companies that value uninterrupted advertising for their campaigns.


          For healthcare providers to increase control over their finances with minimal time investment.

        • OVERVIEW

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          Business Credit

          Fast and flexible credit for businesses of all sizes. Apply for a credit line in minutes.

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          Spend Management

          Budgeting software that helps you take control of your budgets and spend smarter.

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          Expense Management

          Expense management software that helps to simplify and streamline your expenses.

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          AP Automation

          Intelligent accounts payable software that reduces time spent on AP by 50%.

        • FEATURES

          Virtual Cards

          Protect your business from fraud and overspending with Divvy virtual cards.


          Out-of-pocket expenses, card spend, and reimbursements all in one system.


          Every Divvy customer qualifies to earn rewards from their card spend.

          Credit Builder

          The pay-as-you-go program for businesses that need to build credit.

          Accounting Integrations

          Preserve your accounting processes with our built-in software integrations.

          Mobile App

          4.7/5 rated mobile app that brings budgets, virtual cards, and more into a single app.

          Reporting and Insights

          Catch abnormalities and keep your teams accountable with Divvy's reporting tools.

          Payments Services

          Streamline your payables process with Divvy's free vendor payment solution.

Liquid assets are any assets—including investments and physical property—that can be quickly converted into cash while still holding their market value. For example, if you have money invested in the stock market, those stocks are a liquid asset, because you can exchange them for cash in a short amount of time. 

Your business will likely have many different kinds of assets, but liquid assets are a particularly useful type of business capital because they can be used in case of emergencies or to pay off your short-term debt.

If you ever need to assess the cash flow in your budget, it can be helpful to know the full value of your liquid assets and how they contribute to your business’s net worth. 

What is liquidity?

Liquidity describes how easily an asset can be converted into cash while still retaining market value. Think of liquid vs. non-liquid assets as two sides of a scale—items are sometimes not 100% one or the other. Cash is the most liquid, land is one of the least liquid, and many other assets can fall somewhere in the middle. 

Sometimes an asset can be more or less liquid depending on the current market. A unique item, such as a piece of art, might have a high value, but it also might take months or even years to find a buyer willing to pay a fair price.

Examples of liquid assets

If you want to evaluate how liquid different items in your business are, just think of how quickly and easily they can be converted into cash. Depending on your industry, it’s possible that a great deal of your capital is involved in liquid investments. 

Liquid assets include: 

  • Cash
  • Cash equivalents or short-term investments
  • Stocks
  • Mutual funds
  • Treasury bills
  • Bonds 
  • CDs (certificates of deposit)

What are non-liquid assets?

Non-liquid (or illiquid) assets include:

  • Real estate
  • Vehicles
  • Equipment or machinery

These are items that have value in your business, but could take several months (or longer) to sell at market value. However, some of these investments, such as real estate, may offer you long-term gains you might not find in liquid assets. 

Understanding cash equivalents

Liquid assets include cash equivalents—these are short-term investments that are low risk and low return. You may choose to keep a portion of your business’s capital in cash equivalents because they often offer more interest than a simple checking account, while still being highly liquid. 

Cash equivalents include: 

  • Treasury bills
  • CDs (certificates of deposit)
  • Money market funds
  • Corporate commercial paper

Determining your business’s liquid net worth

What is a liquid net worth? This is a term that describes the total value of all of a business’s cash and liquid assets. When calculating this amount, it’s important to also consider a business’s liabilities and debt. Knowing your liquid net worth can help you understand how much cash you have on hand for a new investment opportunity or a change in priorities in your business. 

If you’re looking to cash in some of your liquid assets for other business purchases, don’t forget to spend smarter. Divvy’s free budgeting tool makes it easy to factor in every aspect of your budget, including liquid investments and assets of all kinds. 

The information provided on this page does not, and is not intended to constitute legal or financial advice and is for general informational purposes only. The content is provided “as-is”; no representations are made that the content is error free.

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