Quick Ratio means the ratio of:

Quick Ratio means the ratio of Current Assets less inventory (net of LIFO Reserve), to Current Liabilities.

## Examples of *Quick Ratio* in a sentence

Maintain as indicated: Adjusted

**Quick Ratio**(at all times; tested monthly) 1.30:1.00 :1.00 Yes No Minimum Adjusted EBITDA (at all times; tested quarterly) * $ Yes No N/A** *As set forth in Section 5.10(b) of the Agreement.

## More Definitions of *Quick Ratio*

Quick Ratio means, with respect to Lessee at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of:

Quick Ratio means, with respect to any Person at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of:

Quick Ratio means, as of any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the ratio of (a) the sum of unrestricted cash, unrestricted cash equivalents and accounts receivable convertible into cash to (b) the sum of (i) total current liabilities plus (ii) the Outstanding Amount of all Revolving Line of Credit Loans plus (iii) the current portion of the Outstanding Amount of all Term Commitment Loans.

Quick Ratio means the ratio of (a) the sum of unrestricted cash and Cash Equivalents plus accounts receivable to (b) Current Liabilities.

Quick Ratio means, as of an applicable date of determination, Quick Assets divided by Current Liabilities, excluding Subordinated Debt.

Quick Ratio means a numerical relationship that represents the degree to which liabilities are covered by the most liquid current assets and is calculated by dividing cash and equiva- lents, plus receivables, by current liabilities.

Quick Ratio means, with respect to Borrower and its Subsidiaries at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of: