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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

by Greg Ninness

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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

by Gareth Vaughan

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Antonio Andreoni

'No more free-lunch bailouts'

Mariana Muzzucato and Antonio Andreoni show why governments can and should attach mandatory conditions to state aid to private businesses

27th Jun 20, 11:10am

by Guest

Mariana Muzzucato and Antonio Andreoni show why governments can and should attach mandatory conditions to state aid to private businesses

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Definition: Acid test ratio. The acid-test ratio or 'quick ratio' helps to show whether a company can quickly pay off its short-term debts using its most liquid assets. A ratio above 1.0 is generally a good sign. This ratio is more conservative than the current ratio because it leaves out inventory and other assets that aren't easily converted into cash.

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