Cu referinţă la adresarea DVS. ANRCETI Vă informează după cum urmează că:
1) la lit. c) pct.44:
indicele de stabilitate financiară a candidatului pentru ultimul an financiar care nu trebuie să fie mai mic de 1,8 poate fi calculat conform următorului model de calcul stabilit:
The quick ratio is a measure of how well a company can meet its short-term financial liabilities. Also known as the acid-test ratio, it can be calculated as follows:
(Cash + Marketable Securities + Accounts Receivable)/Current Liabilities
A common alternative quick ratio formula is:
(Current assets – Inventory)/Current Liabilities
How It Works/Example:
The quick ratio is a more conservative version of another well-known liquidity metric -- the current ratio. Although the two are similar, the quick ratio provides a more rigorous assessment of a company's ability to pay its current liabilities.
It does this by eliminating all but the most liquid of current assets from consideration. Inventory is the most notable exclusion, because it is not as rapidly convertible to cash and is often sold on credit. Some analysts include inventory in the ratio, though, if it is more liquid than certain receivables.
To demonstrate, let's assume this information was pulled from the balance sheet of our theoretical firm -- Company XYZ:
Using the primary quick ratio formula and the information above, we can calculate Company XYZ's quick ratio as follows:
($60,000 + $10,000 + $40,000)/$65,000 = 1.7
This means that for every dollar of Company XYZ's current liabilities, the firm has $1.70 of very liquid assets to cover those immediate obligations.
Why It Matters:
Obviously, it is vital that a company have enough cash on hand to meet accounts payable, interest expenses, and other bills when they become due. The higher the ratio, the more financially secure a company is in the short term. A common rule of thumb is that companies with a quick ratio of greater than 1.0 are sufficiently able to meet their short-term liabilities.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly, or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
Like most other measures, quick ratio does have its potential drawbacks. To begin, analysts commonly point out that it provides no information about the level and timing of cash flows, which are what really determine a company's ability to pay liabilities when due. The quick ratio also assumes that accounts receivable are readily available for collection, which may not be the case for many companies.
Finally, the formula assumes that a company would liquidate its current assets to pay current liabilities, which is not always realistic, considering some level of working capital is needed to maintain operations.
It is also important to understand that the timing of asset purchases, payment and collection policies, allowances for bad debt, and even capital-raising efforts can all impact the calculation and can result in different quick ratios for similar companies. Capital needs that vary from industry to industry can also have an effect on quick ratios. For these reasons, liquidity comparisons are generally most meaningful among companies within the same industry.
Definition of 'Quick Ratio'
An indicator of a company's short-term liquidity. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. The higher the quick ratio, the better the position of the company.
The quick ratio is calculated as:
Also known as the "acid-test ratio" or the "quick assets ratio".
Investopedia explains 'Quick Ratio'
The quick ratio is more conservative than the current ratio, a more well-known liquidity measure, because it excludes inventory from current assets. Inventory is excluded because some companies have difficulty turning their inventory into cash. In the event that short-term obligations need to be paid off immediately, there are situations in which the current ratio would overestimate a company's short-term financial strength.
Read more: http://www.investopedia.com/terms/q/quickratio.asp#ixzz1xrdKKloj
Sometimes called the acid test, the quick ratio is an indicator of a company's ability to meet its short-term liabilities. It is the sum of a company's cash plus accounts receivable plus short-term investments divided by its current liabilities. The higher the number the healthier the company's position. The quick ratio is similar to current ratio. But current ratio is a less stringent test because it adds inventory, which may not always be easy to sell quickly, to cash, accounts receivable and short-term investments before dividing by current liabilities.
2) la lit. d) pct.44:
Raportul poate fi eliberat de autoritatea de reglementare în ţara în care a fost instalat BDC numai în cazul în care aceasta este autorizată cu dreptul de a efectua auditul respectiv.