Current Asset Ratio definition

Current Asset Ratio means, on any date of determination, the ratio of (a) the sum of cash, Permitted Investments, receivables and inventories of the Borrower and its Subsidiaries (other than Agere and its Subsidiaries) that would, in conformity with GAAP, appear on a consolidated balance sheet of the Borrower on such date to (b) the sum of (i) the aggregate amount of the Lucent Commitments as of such date and (ii) the aggregate amount of the External Sharing Debt (other than External Sharing Debt of the type described in clause (a) of the definition of "External Specified Debt") as of such date.
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Current Asset Ratio contained in Section 1.01 of the Credit Agreement is hereby amended by adding, after the words "consolidated balance sheet of the Borrower on such date" contained in clause (a) thereof, the words "plus the sum of (i) the excess, if any, of the Total Commitment on such date over the aggregate principal amount of the Loans outstanding on such date and (ii) the excess, if any, of the "Total Commitment" under the Five-Year Credit Agreement on such date over the aggregate principal amount of the "Loans" outstanding under the Five-Year Credit Agreement on such date "
Sample 1
Current Asset Ratio on any date of determination, the ratio of (i) the sum of cash, Permitted Investments, receivables and inventories of the Borrower and its Subsidiaries (other than Agere and its Subsidiaries) that would, in conformity with GAAP, appear on a consolidated balance sheet of the Borrower on such date to (ii) the sum of (A) the aggregate amount of the Commitments as of such date and (B) the aggregate amount of the External Sharing Debt (other than External Sharing Debt of the type described in clause (i) of the definition of "External Specified Debt") as of such date.
Sample 1

Examples of Current Asset Ratio in a sentence

  • The Current Asset Ratio will be calculated as follows: Current Assets divided by Current Liabilities.

  • Total Debt: Total outstanding debt Equity: GAAP total stockholder’s equity Debt to Current Asset Ratio: Borrower to maintain a Total Debt to Total Current Asset ratio equal to or less than .75x.

  • The Cash and bank balance to current assets ratio are presented in the following table.Table 4.3 Cash and Bank balance to Current Asset ratio (%) Fiscal year(source: Annex – 6) Fiscal YearCash and Bank Balance TO Current Asset Ratio (%)RatioFigure – 4.3The above table and diagram shows that the cash and bank balance to current assets of both NIBL & BOKL are in a fluctuating trend.

  • On the other hand co-efficient of variation of BCSL is 32.6% which means that loan and advance to current assets ratio is not in satisfactory level than other ratio.The table - 4.8 has been shown in figure 4.7 below: Figure – 4.7 Loan and Advance to Current Asset Ratio Figure 4.7 depicts the loan and advances to current asset ratio form F.Y. 2004/05to F.Y. 2008/09.

  • This can be presented as, Investment on Government Securities to Current Asset Ratio= Investment on Government SecuritiesTotal Current AssetsHere investment on government securities includes treasury bills and development bond etc.

  • Table 4.5Loan and Advance to Current Asset Ratio(%) Source: Financial statement of bank 2061/62 to 2065/66 (See on Annexure-A5) The loan & advances to current assets ratio of the NCCB is in fluctuating trend with mean ratio of 94.34 and C.V. of 0.20, which shows that the ratio seems to be consistent and less variable.

  • Sthapit, A.B. 2006:467-469) Cash and Bank Balance to Current Asset Ratio Cash and bank balance to current asset ratio reflects the portion of cash and bank balance in total of current assets.

  • ORDC shall calculate this Current Asset Ratio using the financial statements of the C&OR.

  • Table 4.2: Cash and Bank Balance to Current Asset Ratio F/YSource: Appendix –5 The figures calculated in table 4.2 show that the cash and bank balance to current assets of both NABIL and SCBNL are in a fluctuating trend.

  • Table-4.1.1-C Investment On Government Securities To Current Asset Ratio YearSource : "Annual Report of KBL Ltd and LBL Ltd (See in Appendix4.1-C) From the above table, Comparatively, KBL has higher ratio than the LBL.

Related to Current Asset Ratio

  • Current Assets means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current assets on the consolidated balance sheet of Borrower and its Subsidiaries as at such date.

  • Current Ratio means the ratio of Current Assets to Current Liabilities.

  • Current Liabilities are all obligations and liabilities of Borrower to Bank, plus, without duplication, the aggregate amount of Borrower’s Total Liabilities that mature within one (1) year.

  • Consolidated Current Assets means, as at any date of determination, the total assets of Company and its Subsidiaries on a consolidated basis which may properly be classified as current assets in conformity with GAAP, excluding Cash and Cash Equivalents.

  • Consolidated Total Funded Debt means, as of the date of determination, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • Consolidated Total Asset Value means, without duplication, as of any date of determination, for the Consolidated Parties on a consolidated basis, the sum of: (a) the Operating Property Value of all Real Properties (other than Development/Redevelopment Properties); (b) the amount of all Unrestricted Cash; (c) the book value of all Development/Redevelopment Properties, mortgage or real estate-related loan assets and undeveloped or speculative land; (d) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); and (e) the Borrower’s applicable Unconsolidated Affiliate Interests of the preceding items for its Unconsolidated Affiliates.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Consolidated Current Liabilities means, as at any date of determination, the total liabilities of Holdings and its Subsidiaries on a consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long term debt.

  • Consolidated Cash Balance means, at any time, the aggregate amount of cash and cash equivalents, marketable securities, treasury bonds and bills, certificates of deposit, investments in money market funds and commercial paper, in each case, held or owned by, or credited to, the account of the Borrower and its Subsidiaries (including non-wholly owned Subsidiaries and Permitted J/Vs).

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Consolidated Current Ratio means, as of any date of determination, the ratio of Consolidated Current Assets to Consolidated Current Liabilities as of such date.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Consolidated Capitalization Ratio on the last day of any fiscal quarter, the ratio of (a) Consolidated Total Indebtedness to (b) Consolidated Capital.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated Total Debt Ratio means, as of any Applicable Calculation Date, the ratio of (1) Consolidated Total Indebtedness of the Issuer and its Restricted Subsidiaries, minus cash and Cash Equivalents of the Issuer and its Restricted Subsidiaries, in each case, computed as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the Applicable Calculation Date to (2) the Issuer’s Consolidated EBITDA for the Applicable Measurement Period, in each case with such pro forma adjustments to Consolidated Total Indebtedness, cash, Cash Equivalents and Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided that, for purposes of the calculation of Consolidated Total Debt Ratio, in connection with the incurrence of any Indebtedness pursuant to Section 10.11, the Issuer may elect, pursuant to an Officer’s Certificate delivered to the Trustee, to treat all or any portion of the commitment (any such amount elected until revoked as described below, an “Elected Amount”) under any Indebtedness which is to be incurred (or any commitment in respect thereof) as being incurred as of the Applicable Calculation Date and (1) any subsequent incurrence of such Indebtedness under such commitment (so long as the total amount under such Indebtedness does not exceed the Elected Amount) shall not be deemed, for purposes of this calculation, to be an incurrence of additional Indebtedness at such subsequent time, (2) the Issuer may revoke an election of an Elected Amount pursuant to an Officer’s Certificate delivered to the Trustee and (3) for purposes of all subsequent calculations of the Consolidated Total Debt Ratio, the Elected Amount (if any) shall be deemed to be outstanding, whether or not such amount is actually outstanding, so long as the applicable commitment remains outstanding.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Total Asset Value means, without duplication, the sum of (a) the following amounts with respect to the following assets owned by the Company and its Subsidiaries: (i) the Operating Property Value of the Hotel Properties; (ii) the amount of all Unrestricted Cash and Cash Equivalents; (iii) the book value of all Development/Redevelopment Properties, Mortgage Receivables, Laundry Service Properties and Unimproved Land; and (iv) the contract purchase price for all assets under contract for purchase (to the extent included in Indebtedness); plus (b) the applicable Ownership Share of any Unconsolidated Affiliate of the Parent of any asset described in clause (a) above. For purposes of determining Total Asset Value, (u) to the extent the amount of Total Asset Value attributable to Unconsolidated Affiliates would exceed 15% of Total Asset Value, such excess shall be excluded, (v) to the extent the amount of Total Asset Value attributable to Mortgage Receivables would exceed 10% of Total Asset Value, such excess shall be excluded, (w) to the extent the amount of Total Asset Value attributable to Development/Redevelopment Properties would exceed 15% of Total Asset Value, such excess shall be excluded, (x) to the extent the amount of Total Asset Value attributable to Major Renovation Properties (elected to be valued pursuant to clause (c) of the definition of Operating Property Value) would exceed 15% of Total Asset Value, such excess shall be excluded, (y) to the extent the amount of Total Asset Value attributable to Unimproved Land would exceed 2.5% of Total Asset Value, such excess shall be excluded, and (z) to the extent the amount of Total Asset Value attributable to Properties subject to limitation under the foregoing clauses (u) through (y) would exceed 35% of Total Asset Value, such excess shall be excluded.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Assets means the aggregate amount of assets (less reserves and other deductible items) after deducting current liabilities, as shown on the consolidated balance sheet of the Company and its Subsidiaries contained in the latest annual report to the stockholders of the Company and prepared in accordance with GAAP.

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Parent Assets means all Assets of either Party or the members of its Group as of the Effective Time, other than the SpinCo Assets, it being understood that, notwithstanding anything herein to the contrary, the Parent Assets shall include:

  • Consolidated Total Funded Indebtedness (i) obligations under any derivative transaction or other Hedging Agreement, (ii) undrawn Letters of Credit, (iii) Earn-Outs to the extent not then due and payable and if not recognized as debt on the balance sheet in accordance with GAAP and (iv) leases that would be characterized as operating leases in accordance with GAAP on the date hereof.