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 Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 3-Year Total Margin Meets Standard: Aggregated 3-yar Total Margin is positive and the most recent year Total Margin is positive OR Aggregated 3-Year Total Margin is greater than -1.5 percent, the trend is positive for the last two years, and the most recent year Total Margin is positive. Note: For schools in their first or second year of operation, the 50 Does Not Meet: Aggregated 3-Year Total Margin is greater than -1.5 percent, but trend does not "Meet Standard". 30 Falls Far Below Standard: Aggregated 3-Year Total Margin is less than or equal to -1.5 percent OR the most recent year Total Margin is less than -10 percent. 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 Debt to Asset Ratio Meets Standard: Debt to Asset Ratio is less than 0.9. 50 Does Not Meet: Debt to Asset Ratio is between 0.9. and 1.0 30 Falls Far Below Standard: Debt to Asset Ratio is greater than 1.0 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 Cash Flow Meets Standard: Multi-Year Cumulative Cash Flow is positive and Cash Flow is positive each year OR Multi-Year Cumulative Cash Flow is positive, Cash Flow is positive in one of two years, and Cash Flow in the most recent year is positive. Note: Schools in their fist or second year of operation must have positive cash flow. 50 Does Not Meet: Multi-Year Cumulative Cash Flow is positive, but trend does not "Meet Standard" 30 Falls Far Below Standard: Multi-Year Cumulative Cash Flow is negative. 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0
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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 Due to the deficit protection clause in ITCAIDVA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 Due to the deficit protection clause in ITCAIDVA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 Due to the deficit protection clause in ITCAIDVA's contract with K12, the school will be exempt from evaluation of this measure. 0 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 3-Year Total Margin Meets Standard: Aggregated 3-yar Total Margin is positive and the most recent year Total Margin is positive OR Aggregated 3-Year Total Margin is greater than -1.5 percent, the trend is positive for the last two years, and the most recent year Total Margin is positive. Note: For schools in their first or second year of operation, the 50 Does Not Meet: Aggregated 3-Year Total Margin is greater than -1.5 percent, but trend does not "Meet Standard". 30 Falls Far Below Standard: Aggregated 3-Year Total Margin is less than or equal to -1.5 percent OR the most recent year Total Margin is less than -10 percent. 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 Debt to Asset Ratio Meets Standard: Debt to Asset Ratio is less than 0.9. 50 Does Not Meet: Debt to Asset Ratio is between 0.9. and 1.0 30 Falls Far Below Standard: Debt to Asset Ratio is greater than 1.0 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0 Cash Flow Meets Standard: Multi-Year Cumulative Cash Flow is positive and Cash Flow is positive each year OR Multi-Year Cumulative Cash Flow is positive, Cash Flow is positive in one of two years, and Cash Flow in the most recent year is positive. Note: Schools in their fist or second year of operation must have positive cash flow. 50 Does Not Meet: Multi-Year Cumulative Cash Flow is positive, but trend does not "Meet Standard" 30 Falls Far Below Standard: Multi-Year Cumulative Cash Flow is negative. 0 Notes Due to the deficit protection clause in ITCA's contract with K12, the school will be exempt from evaluation of this measure. 0
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