Quick Ratio definition

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

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

Quick Ratio means the ratio of:

Examples of Quick Ratio in a sentence

• 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.

• 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.

• Subject to Section 2.3(b), the amounts outstanding under the Revolving Line shall accrue interest at a per annum rate equal to the “Prime Rate” in effect from time to time plus 0.75% per annum; provided that if the Quick Ratio Test is not met, the interest rate applicable to the Obligations shall be a per annum rate equal to the “Prime Rate” in effect from time to time, plus 1.50% per annum.

• Adjusted Quick Ratio at least 1.50:1.00 Prime + 0.75% (Eligible Accounts) or Prime + 1.25% (Eligible Foreign Accounts); Yes No Adjusted Quick Ratio less than 1.50:1.00 Prime + 1.50% (Eligible Accounts); Prime + 2.00% (Eligible Foreign Accounts) Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

• Lessee shall not permit its Quick Ratio on any day set forth below to be less than the ratio set forth opposite such day below: The last day of any fiscal quarter 1.50 to 1.00.

More Definitions of Quick Ratio

Quick Ratio is a ratio of Quick Assets to 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:

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 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 equivalents, plus receivables, by current liabilities.

Quick Ratio. As of any date of determination, the ratio of (a) the Borrower’s consolidated accounts receivable plus the Borrower’s consolidated cash on hand and marketable securities to (b) Current Liabilities (including the Obligations).

Quick Ratio means the ratio of (i) the sum of Cash and Cash Equivalent, plus Current and Non-Current Investment Securities, plus net trade accounts receivable arising in the ordinary course of the Borrower's and its Subsidiaries' businesses, to (ii) Current Liabilities minus the current portion of Deferred Revenues, calculated on a consolidated basis for the Borrower and its Subsidiaries in accordance with GAAP.

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