Does Not Meet Sample Clauses

Does Not Meet. Current Ratio is between 0.9 and 1.0 or equals 1.0 OR Current Ratio is between 1.0 and 1.1 and one-year trend is negative. 10 Falls Far Below Standard: Current ratio is less than or equal to 0.9. 0 Notes 0 Measure 1b Current Ratio: Cash divided by Current Liabilities Result Points Possible Points Earned Cash Ratio Meets Standard: Cash Ratio is greater than 1.0 OR Cash Ratio is equal to 1.0 and one-year trend is positive (current year ratio is higher than last year's). 50 Does Not Meet: Cash Ratio is between 0.9 and 1.0 OR Cash Ratio equals 1.0 and one-year trend is negative. 10 Falls Far Below Standard: Cash ratio is equal to or less than 0.9. 0 Notes 0 Measure 1c Unrestricted Days Cash: Unrestricted Cash divided by (Total Expenses minus Depreciation Expense/365) Result Points Possible Points Earned Unrestricted Days Cash Meets Standard: 60 Days Cash OR Between 30 and 60 Days Cash and one-year trend is positive. Note: Schools in their first or second year of operation must have a minimum of 30 Days Cash. 50 Does Not Meet: Days Cash is between 15-30 days OR Days Cash is between 30-60 days and one-year trend is negative. 10 Falls Far Below Standard: Fewer than 15 Days Cash. 0 Notes 0 Measure 1d Default Result Points Possible Points Earned Default Meets Standard: School is not in default of financial obligations. Financial obligations include, but are not limited to: nonpayment, breach of financial representation, non- reporting, non-compliance, financial judgements, loan covenants, and/or tax obligations. 50 Does Not Meet: School is in default of financial obligations. 0 Notes 0 FINANCIAL INDICATOR 2: SUSTAINABILITY Measure 2a Total Margin: Net Income divided by Total Revenue AND Aggregated Total Margins: Total 3-Year Net Income divided by Total 3-Year Revenues. Result Points Possible Points Earned Total Margin and Aggregated
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