Working capital is the funds a company has for its day-to-day activities. It can also be described as the company’s current position, where if we take all of its current assets, convert them to cash and pay off all of its liabilities– then whatever is left – positive or negative – describes the company’s current liquidity position.
If you’re a farmer, you’d need a tractor or truck to run your farm, here at Willow Financial Consulting, we could help you find and GET money for that tractor. Here are some other things to know about getting equipment financed.
Working Capital can simply be defined as the cash you have put to work in your business. What is the cash “working on”? Good question.