[{"data":1,"prerenderedAt":31},["ShallowReactive",2],{"content:en:glosario:working-capital":3},{"frontmatter":4,"html":28,"locale":29,"section":30,"slug":5},{"id":5,"title":6,"description":7,"h1":8,"keyword":9,"date":10,"updated":10,"author":11,"schemaType":12,"draft":13,"formula":14,"cta":15,"faq":16,"related":23},"working-capital","Working capital: what it is and how it works · Fibady","Working capital is current assets minus current liabilities: the cash a business needs to operate. Its change explains the gap between profit and cash.","Working capital","working capital","2026-09-03","santi","DefinedTerm",false,"Working capital = Current assets − Current liabilities","See how Fibady calculates it in a demo",[17,20],{"q":18,"a":19},"Is working capital the same as net working capital?","Yes, in everyday use. Net working capital is the more precise name for the same calculation; see the dedicated entry for the operating version.",{"q":21,"a":22},"Is negative working capital bad?","It depends on the model. A supermarket or a SaaS that bills upfront runs on negative working capital because customers finance the activity.",[24,25,26,27],"\u002Fglossary\u002Fnet-working-capital","\u002Fglossary\u002Fdso-dpo","\u002Fglossary\u002Fdirect-vs-indirect-cash-flow","\u002Fproduct\u002Fcash-flow-forecasting","\u003Cp>Working capital is current assets minus current liabilities. It represents the cash a business needs tied up to operate day to day, and its change explains the difference between profit and cash in a period.\u003C\u002Fp>\n\u003Ch2 id=\"how-it-is-calculated\">How it is calculated\u003C\u002Fh2>\n\u003Cp>Working capital = Current assets − Current liabilities. In management analysis the operating version is used: Receivables + Inventory − Payables, excluding cash and financial debt. The full definition is under \u003Ca href=\"\u002Fen\u002Fglossary\u002Fnet-working-capital\">net working capital\u003C\u002Fa>.\u003C\u002Fp>\n\u003Ch2 id=\"example-with-numbers\">Example with numbers\u003C\u002Fh2>\n\u003Cp>Current assets 1,100,000 (cash 300,000, receivables 600,000, inventory 200,000). Current liabilities 500,000 (payables 300,000, short-term debt 200,000). Working capital: 600,000. Operating working capital, excluding cash and debt: 600,000 + 200,000 − 300,000 = 500,000.\u003C\u002Fp>\n\u003Ch2 id=\"how-fibady-does-it\">How Fibady does it\u003C\u002Fh2>\n\u003Cp>The consolidated balance sheet is recalculated with every ERP sync, and working capital appears as a subtotal in the unlimited-level P&L and balance sheet, in each entity's currency and in the group's. Its change flows into the indirect cash flow without intermediate spreadsheets.\u003C\u002Fp>\n","en","glosario",1788520138060]