Quick Ratio Sample Clauses
The Quick Ratio clause defines a financial metric used to assess a company's short-term liquidity by comparing its most liquid assets to its current liabilities. In practice, this clause typically requires the company to maintain a minimum quick ratio, calculated by dividing cash, marketable securities, and accounts receivable by current liabilities, excluding inventory. This ensures that the company has sufficient readily available resources to meet its immediate obligations, thereby reducing the lender's or counterparty's risk of default due to liquidity issues.
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Quick Ratio. A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.
Quick Ratio. The Borrower will not permit the ratio of Consolidated Quick Assets to Consolidated Current Liabilities to be less than 1.25 to 1 at any time.
Quick Ratio. Borrower shall maintain at all times a ratio of cash, accounts receivable and marketable securities to current liabilities of not less than 1.75:1.0, as such terms are defined by generally accepted accounting principles.
Quick Ratio. Borrower shall maintain, as of the last day of each ----------- fiscal quarter during the term of this Agreement. a ratio of Quick Assets to Current Liabilities (excluding deferred revenue) of at least 1.50 to 1.00."
Quick Ratio. A ratio of (i) Quick Assets to (ii) Current Liabilities, plus long term Indebtedness to Bank and outstanding letters of credit under the Committed Revolving Line minus deferred revenue of at least 2.00 to 1.00.
Quick Ratio. Borrower shall maintain, as of the last day of each calendar month, a ratio of Quick Assets to Current Liabilities of at least 2.0 to 1.0.
Quick Ratio. Borrower, on a consolidated basis, shall maintain, as of the last day of each quarter a ratio of Quick Assets to Current Liabilities of at least: (i) 1.75 to 1.0 as of the quarter ending July 31, 2004, and (ii) 2.0 to 1.0 as of the quarter ending October 31, 2004 and as of the last day of each quarter thereafter.
Quick Ratio. 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.
Quick Ratio. Borrower shall maintain, as of the last day of each ----------- calendar quarter, a ratio of Quick Assets to Current Liabilities of at least *** to ***.
Quick Ratio. The Quick Ratio, as of the last day of each fiscal quarter of the Lessee, shall be greater than or equal to 1.50 to 1.0.