net working capital[NWC]

net working capital[NWC]　净运营资本　

A measure of a company’s operating liquidity expressed as current assets less current liabilities.Companies with current liabilities that exceed current asset are operating with a working capital deficiency which may prevent them from fulfilling short term obligations such as accounts payables，operational expenses and current interest payments.Analysts track net working capital over time in order to assess a company’s operational efficiency.Also called working capital.