The primary difference between total operating capital (TOC) and the net operating working capital (NOWC) is like comparing the USA with one of its states. A state is part of and within the USA. The ...

This article is part of a continuing series on recurring issues of critical importance to sellers in private company M&A. Previous topics include equity rolls. Net Working Capital (“NWC”) targets and ...

If you delve into a company's operating records, you'll see phrases such as "capital expenditure" and "net working capital" -- both of which are important agenda items for entrepreneurs. As a business ...

Textbooks and financial courses often state that a healthy balance sheet is characterized by, among other things, positive net working capital. Conversely, negative working capital may indicate ...