Strategic liquidity for healthcare professionals.
Dr. Sharma's medical practice faced an unexpected $50,000 expense for critical equipment repairs. While the practice is profitable, a significant portion of its assets are tied up in accounts receivable and relatively illiquid equipment. Dr. Sharma needed to quickly assess her ability to cover the repair costs without disrupting payroll or essential services, fearing she may have to liquidate long-term investments at a loss.
Using the Quick Ratio Calculator, Dr. Sharma determined her current quick ratio was 0.8, indicating insufficient liquid assets to comfortably cover the $50,000 expense. By analyzing her current assets – cash, marketable securities, and accounts receivable – she identified $40,000 in readily available funds. Golden Door Asset then used the Debt Service Coverage Ratio calculator to ensure that financing the remaining $10,000 through a short-term loan would not jeopardize her practice’s ability to meet its existing debt obligations.
The Quick Ratio Calculator provided an immediate assessment of Dr. Sharma's liquidity by focusing on highly liquid assets. This was coupled with the Debt Service Coverage Ratio to model the impact of new debt.
$1,500 in potential losses avoided by not liquidating long-term investments prematurely. Ensured business continuity and maintained excellent credit standing.
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