understanding financial jargon
Net Current Assets
The net current assets of a business is the difference between the firms current assets (such as cash, and money owed) and it's current liabilities (debts payble within 12 months). The net current assets show a snap-shot of the ability of a company to pay it's short term debts, such as creditors and loan interest. Net current assets is also known as 'working capital'.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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