Quick Asset Ratio Sample Clauses
The Quick Asset Ratio clause defines a financial metric used to assess a company's short-term liquidity by comparing its most liquid assets to its current liabilities. In practice, this ratio typically excludes inventory and prepaid expenses, focusing on assets like cash, marketable securities, and receivables to determine if the company can meet its immediate obligations. The core function of this clause is to provide a clear benchmark for financial health, helping parties evaluate the risk of insolvency and ensuring that the company maintains sufficient liquidity to satisfy its short-term debts.
Quick Asset Ratio. The Borrower and the Guarantors will maintain at all times, on a consolidated basis, a Quick Asset Ratio of not less than 1.00 to 1.00, such ratio to be tested at the end of each fiscal quarter.
Quick Asset Ratio. ▇▇▇▇▇▇ and the Guarantors will at all times maintain a Quick Asset Ratio of not less than 0.75 to 1.0, such ratio to be tested quarterly.
Quick Asset Ratio. Not less than 1.0 to 1.0 determined as of each fiscal quarter end. “Quick Asset Ratio” means “Quick Assets” divided by Funded Debt, and “Quick Assets” means cash on hand or on deposit in banks, readily marketable securities issued by the United States, readily marketable commercial paper rated “A-1” by Standard & Poor’s Corporation (or a similar rating by a similar rating organization), certificates of deposit and banker’s acceptances, and accounts receivable (net of allowance for doubtful accounts). “Funded Debt” means outstanding amounts under Revolving Credit Facility whether classified as a short or long-term liability on Borrower’s financial statement.
Quick Asset Ratio. On a quarterly basis (determined as of each calendar quarter-end) not less than 1.75 TO 1.0. ["QUICK ASSET RATIO" means "Quick Assets" divided by total current liabilities, (not including deferred revenues and Subordinated Debt) including, but not limited to, current liabilities due to Trade Bank under this Facility, and "QUICK ASSETS" means cash on hand or on deposit in banks, cash equivalents, long-term marketable securities, certificates of deposit and banker's acceptances, and accounts receivable).]
Quick Asset Ratio. Not at any time less than .40 to 1.0. “Quick Asset Ratio” means “Quick Assets” divided by total current liabilities, and “Quick Assets” means cash on hand or on deposit in banks, readily marketable securities issued by the United States, readily marketable commercial paper rated “A-1” by Standard & Poor’s Corporation (or a similar rating by a similar rating organization), certificates of deposit and bankers acceptances, and accounts receivable (net of allowance for doubtful accounts).
Quick Asset Ratio. Borrower shall maintain a ratio of "Quick Assets" to current liabilities of not less than .90 to 1.00.
Quick Asset Ratio. Borrower shall maintain at all times a ratio of Quick Assets to Adjusted Current Liabilities of not less than .75 to 1.0. "Quick Assets" means the sum of (a) cash on hand or on deposit in banks, (b) readily marketable securities issued by the United States, (c) readily marketable commercial paper rated "A-1" by Standard & Poors Corporation (or a similar rating by any similar organization which rates commercial paper), (d) certificates of deposit or banker s acceptances issued by commercial banks of recognized standing operating in the United States, and (e) receivables not more than 90 days overdue. "Adjusted Current Liabilities" means current liabilities determined in accordance with GAAP excluding the Principal Debt outstanding at any time.
Quick Asset Ratio. NET REALIZABLE VALUE
1. For a receivable, the amount of cash expected from the collection of present customer balances. 2. For inventory, the selling price less the completion and disposal costs.