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evan
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Joined: 01 May 2005
Posts: 1219
evan's Home Page
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 Posted: Sat Jul 08, 2006 10:42 am Post subject: Quick Liquidity Ratio
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Quick Liquidity Ratio
Quick assets divided by net liabilities plus ceded reinsurance balances payable. Quick assets are defined as the sum of cash, unaffiliated short-term investments, unaffiliated bonds maturing within one year, government bonds maturing within five years, and 80% of unaffiliated common stocks. These assets can be quickly converted into cash in the case of an emergency. |
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