Quick Ratio definition

Quick Ratio means the ratio of:

Quick Ratio is a ratio of Quick Assets to Current Liabilities.

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

Examples of Quick Ratio in a sentence

• UNDP will check the financial accounts to compute the Quick Ratio (QR).

• Changes in the interest rate based on the Borrower’s Adjusted Quick Ratio as provided above shall go into effect as of the first day of the month following the month in which Borrower’s financial statements are received by Bank.

• Quick Ratio =Cash +Marketable SecuritiesCurrent LiabilitiesThe exclusion of accounts receivable and inventory is not a hard and fast rule.

• If, based on the Adjusted Quick Ratio as shown in Borrower’s financial statements, there is to be an increase in the interest rate, the interest rate increase may be put into effect by Bank as of the first day of the month following the month in which Borrower’s financial statements were due, even if the delivery of the financial statements is delayed.

• The calculation of Quick Ratio is based on current assets minus inventories divided by current liabilities.

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

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:

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 any Person at any time, the ratio, determined on a consolidated basis in accordance with GAAP, of:

Quick Ratio. Borrower shall maintain a ratio of Quick Assets (defined below) to current liabilities less deferred revenue of not less than 1.50:1.0.