The ease with which cash may be obtained to pay bills and other short-term obligations is referred to as liquidity. Liquidity ratios divide current assets by current liabilities to determine a company's capacity to meet short-term obligations (CL). The fast ratio includes cash equivalents (such as money market assets) as well as marketable securities and accounts receivable, whereas the cash ratio just considers cash on hand divided by CL. All current assets are included in the current ratio.