Examples of liquid assets ... the most liquid type of liquid asset since it is cash itself. On the balance sheet, assets become less liquid by their hierarchy. As such, the long-term assets ...

In the examples below, which show three sheets from a single Excel file, there are distinct columns for each type of asset. Click the image above to open a larger version, or visit the link below ...

Liquidity describes your ability to exchange an asset for cash. The easier it is to convert an asset into cash, the more liquid it is. And cash is generally considered the most liquid asset.