Adjusted Current Ratio definition

Adjusted Current Ratio for any date of determination, the ratio of Current Assets to Current Liabilities.

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Adjusted Current Ratio is defined as (i) Current Assets plus the Available Commitment minus any assets resulting from "mark-to-market" accounting treatment for hedging contra▇▇▇ divided by (ii) Current Liabilities, minus any liabilities resulting from "mark-to-market" accounting treatment for hedging contra▇▇▇, minus any balance outstanding on this credit facility that would otherwise be accounted for as a Current Liability.

Adjusted Current Ratio means, as to the Company, the ratio of (a) its total current assets minus its deferred tax assets to (b) its total current liabilities minus its student deposits and deferred tuition, all as shown on the Company's consolidated financial statements.

Examples of Adjusted Current Ratio in a sentence

• Maintain a minimum Adjusted Current Ratio (defined as current assets divided by the sum of current liabilities and long-term portion of Revolving Line of Credit loan outstanding) of not less than 1.35 to 1.

• Permit the Adjusted Current Ratio of the Borrower and its consolidated Subsidiaries, as of the last day of any fiscal quarter of the Borrower to be less than 1.15:1.00.

• The Company shall cause the Adjusted Current Ratio to equal or exceed 1.2 to 1.0 at the end of each calendar month.

• Beginning with the month ending July 31, 2002, maintain a minimum Adjusted Current Ratio, calculated and submitted on a monthly basis of, at least, 1.00:1.00.

• As used in this Agreement, the following terms ----------- have the meanings specified: "Adjusted Current Ratio" is the ratio referred to in Section 7.10.

More Definitions of Adjusted Current Ratio

Adjusted Current Ratio means, as at any applicable time and for any Person, the ratio of (i) Current Assets to (ii)

Adjusted Current Ratio is defined as Current Assets plus the Available Commitment divided by Current Liabilities, minus any balance outstanding on this credit facility that would otherwise be accounted for as a Current Liability.

Adjusted Current Ratio. As of any date of determination, the ratio of (a) total current assets minus without duplication, any Investments in the Borrower or any Subsidiary by the Borrower or any Subsidiary, any account receivable of the Borrower or any Subsidiary from the Borrower or any Subsidiary or any other assets of the Borrower or any Subsidiary, the obligor for which is the Borrower or any Subsidiary to (b) total current liabilities minus without duplication, any Debt, account payable, or any other liability of the Borrower or any Subsidiary to the Borrower or any Subsidiary, determined and consolidated for the Borrower and its Domestic Subsidiaries in accordance with GAAP.

Adjusted Current Ratio means, as of an applicable date of determination, a ratio of Cash plus Eligible Accounts plus Inventory to Current Liabilities (excluding Subordinated Debt) plus (to the extent not already included therein) all Indebtedness to Bank including Letter of Credit Obligations.” (b) Section 1.12 of the Agreement is hereby deleted in its entirety and replaced with the following:

Adjusted Current Ratio means, as of any date of determination, the

Adjusted Current Ratio on any date, the ratio of (a) Adjusted Current Assets on such date to (b) Consolidated Total Debt on such date.

Adjusted Current Ratio means, as of June 30, 1995 and as of the end of each calendar month thereafter, the ratio of Adjusted Current Assets to Adjusted Liabilities.