(If you're asking this in regards to your own situation... people have different needs from "the financial world". My answer is solely about personal finance.)
Compute both a
debt ratio and a
liabilities ratio. Even break down the debt ration into
short-term debt divided by short-term assets and
long-term debt divided by long-term assets.
You can also compute your Quick Ratio, which is
short term assets divided by liabilities.
Note that in this context I don't put monthly bills in the "liabilities" category. Only "large", future (3-12 months away) expenditures go in that bucket. Examples are: summer vacation, end of year property tax, semi-annual and annual insurance premiums, etc.