Adjusted Quick Ratio is the ratio of (a) Quick Assets to (b) Current Liabilities minus the current portion of Deferred Revenue.
Adjusted Quick Ratio means the ratio of (A) Borrower’s unrestricted cash and unrestricted Cash Equivalents maintained at Bank, plus the amount of Borrower’s billed accounts receivable, TO (B) the total of Borrower’s current liabilities, but not including non-refundable deferred revenue or maintenance deferred revenue.”
Adjusted Quick Ratio is, as of any date of measurement, the ratio of (i) the sum of (a) Borrower’s unrestricted cash at Bank plus (b) Borrower’s net billed accounts receivable that are aged less than ninety (90) days divided by (ii) the difference between (a) Current Liabilities minus accrued but unpaid Series A and Series B Dividends.
Examples of Adjusted Quick Ratio in a sentence
Maintain at all times, to be tested as of the last day of each month, an Adjusted Quick Ratio of at least 1.50 to 1.00.
More Definitions of Adjusted Quick Ratio
Adjusted Quick Ratio means, as of the date of determination, a ratio of Quick Assets to Current Liabilities.
Adjusted Quick Ratio is, calculated with respect to Borrower only and not on a consolidated basis, the ratio of (a) Quick Assets to (b) Current Liabilities.”
Adjusted Quick Ratio means, for any date of determination, the ratio of (a) Quick Assets, to (b) the sum of (i) the principal amount of Term Loan A outstanding and Advances plus (ii) Borrower’s accounts payable determined according to GAAP; for purposes of clarity, the principal amount of Term Loan B outstanding shall not be included in the Adjusted Quick Ratio calculation.
Adjusted Quick Ratio means, as of the date of determination, a ratio of (a) Quick Assets to (b) (i) Current Liabilities minus the current portion of Deferred Revenue, plus (without duplication) (ii) all Consolidated Funded Indebtedness.
Adjusted Quick Ratio means a ratio of cash and cash equivalents plus net trade receivables to the amount of 70% of principal payments (up to US$4 million) owing to Cathay Bank under this contract for the next 12 months plus all other current liabilities, but excluding lease liabilities recognized under IFRS 16.
Adjusted Quick Ratio as of any date of determination, (a) the sum of (i) Qualified Cash, plus (ii) net billed trade Accounts of the Loan Parties, plus (iii) Unbilled Accounts Receivable; divided by (b) the result of (i) Current Liabilities minus (ii) to the extent included in Current Liabilities, the current portion of Deferred Revenue.
Adjusted Quick Ratio means at any time for Borrower on a consolidated basis, the ratio of Quick Assets to Current Liabilities (excluding deferred revenue).