The current ratio is a financial ratio that investors and analysts use to examine the liquidity of a company and its ability to pay shortterm liabilities (debt and payables) with its shortterm assets (cash, inventory, receivables). The current ratio is calculated by dividing current assets by current liabilities.
The quick ratio, on the other hand, is a liquidity indicator that filters the current ratio by measuring the amount of the most liquid current assets there are to cover current liabilities (you can think of the “quick” part as meaning assets that can be liquidated fast). The quick ratio, also called the “acidtest ratio,” is calculated by adding cash & equivalents, marketable investments and accounts receivables, and dividing that sum by current liabilities.
The main difference between the current ratio and the quick ratio is that the latter offers a more conservative view of the company’s ability to meets its shortterm liabilities with its shortterm assets because it does not include inventory and other current assets that are more difficult to liquidate (i.e., turn into cash). By excluding inventory (and other less liquid assets) the quick ratio focuses on the company’s more liquid assets.

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What is the relationship between the cash ratio and liquidity?
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Liquidity Measurement Ratios
Learn about the current ratio, quick ratio, cash ratio and cash conversion cycle. 
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Dynamic Current Ratio: What It Is And How To Use It
Learn why this ratio may be a good alternative to the current, cash and quick ratios. 
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Do Your Investments Have ShortTerm Health?
If a company is strong enough to survive tough times, it is more likely to provide longterm value. 
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What Are Quick Assets?
A company’s quick assets can be easily converted into cash. 
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Useful Balance Sheet Metrics
These metrics can help you better understand the information found on balance sheets. 
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Key Financial Ratios for Retail Companies
Using the following liquidity, profitability and debt ratios, an investor can gather deeper knowledge of a retail company's shortterm and longterm outlook.

Quick Ratio
The quick ratio is an indicator of a company’s shortterm liquidity. ... 
Current Ratio
The current ratio is a liquidity ratio measuring a company's ... 
Liquidity Ratios
A class of financial metrics that is used to determine a company's ... 
Cash Asset Ratio
The current value of marketable securities and cash, divided ... 
Quick Liquidity Ratio
The total amount of a company’s quick assets divided by the sum ... 
Overall Liquidity Ratio
A measurement of a company’s capacity to pay for its liabilities ...