 short term liquidity. So it means there is long term liquidity also. So currently we are looking short term for long term purposes we have some other ratios which we are not going to discuss here because we are simply short term liquidity. Liquidity is a company ability to raise cash in short term to meet its obligation cash flow working capital. Simply in current year your operational cash flow is coming from operating activity. For one year as much as you want, is it available to pay off your liabilities? Current ratio is current assets divided by current liabilities. This is number one. Total current assets divided by current liabilities. Normally we do not adjust the current assets in the balance sheet and divide the current liabilities. But sometimes we take something out of the current liabilities. For example, if you have taken assets on lease then you have to pay off the lease on the current portion. Because you have to add that in the long term. Sometimes we do adjust the current assets and current liabilities. Current ratio may use the company ability to pay its current obligation. That means in one year the payments you have to pay in short term can be paid. So it means that current assets should be greater than the current liabilities. And then they will fall due. Current ratio is a quick measure of the liquidity of a firm. It is an index of firm's financial stability. It is also an index of technical solvency. Those companies having current ratio problem, they will not survive. Usually current ratio may have two or one ratio. Your current assets should double. If one-one is there then that is also dangerous. And if it is less then it is also more dangerous. That means you will not be able to pay off your liabilities. Acceptability criteria. General acceptability criteria is two is two-one. As I said, it should double due to your current assets' current liabilities. And that is why it is called a bank ratio. If you go to the bank and want to arrange funds, the very first thing they will see is what is your current ratio. Can you regularly pay installments or not? It means that the current asset should be double than the current liabilities. Then another immediately. In the current assets, we take all assets total. But what do we do in the asset test ratio or in the quick ratio? We minus two things. We minus two things from total assets. Number one, the inventory and number two, the prepaid expenses. Because prepaid expenses are not available to pay. They have already been paid. Inventory will be sold first, then the receivable will be made and then the money will come. That is why we minus two things. The remaining assets will be divided by current liabilities. And in this ratio, it is very useful in measuring the liquidity position of the company. It measures the company's ability to pay off its current liabilities quickly and immediately. When you do the first thing, all your craters come and say, if you return the money, then you should have it. This is not the money in the stock. Cash should be so available that you can pay off. Acceptable criteria is generally one is to one. At least you should have quick assets so that you can pay off your liabilities. Because it is very important that the company should not have any problem in its working capital. But if you cannot pay off your salaries for a month, then that is the problem. That is why you should not have so much money in the form of cash that you can pay off your immediate liabilities. So it is one is to one. It means that the company should possess quick assets of one rupee against the current liability of one rupee. At least this is the minimum. If it is more than this, then it is better. But it should be this much. Thank you very much.