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Working Capital: перевір свою англійську

Продовжуємо вивчати лексику з "Practical Financial English". Цього разу пропонуємо Вашій увазі слова, які допоможуть охарактеризувати всі нюанси обігового капіталу компанії

1. TASK: Insert the appropriate word in the text below:

exceed    -    efficiency   -   health  -  pay off   -    owe     

bankruptcy   -   red flag   -   receivables  -  measure

tied up    -    meet    -    comparing   -     underlying


A _________  of both a company's efficiency and its short-term financial  _________. The working capital ratio is calculated as:

Working Capital = Current Assets - Current Liabilities

Positive working capital means that the company is able to _________its short-term liabilities. Negative working capital means that a company currently is unable to _________ its short-term liabilities with its current assets (cash, accounts receivable and inventory).

Also known as "net working capital".

If a company's current assets do not _________ its current liabilities, then it may run into trouble paying back creditors in the short term. The worst-case scenario is _________. A declining working capital ratio over a longer time period could also be a _________ that warrants further analysis. For example, it could be that the company's sales volumes are decreasing and, as a result, its accounts _________  number continues to get smaller and smaller.

Working capital also gives investors an idea of the company's underlying operational _________. Money that is _________  in inventory or money that customers still _________to the company cannot be used to pay off any of the company's obligations. So, if a company is not operating in the most efficient manner (slow collection), it will show up as an increase in the working capital. This can be seen by _________ the working capital from one period to another; slow collection may signal an _________  problem in the company's operations. 


2. CHECK YOUR SPEAKING 

bankruptcy

ˈbæŋ.krəpt.si 

банкротство

to compare

kəmˈpeər

сравнивать

efficiency

ɪˈfɪʃ.ən.si

эффективность

to exceed

ɪkˈsiːd

превышать

health

helθ

здоровье

measure

ˈmeʒə(r)

измерение

to meet

miːt 

выполнять

owe

əʊ

быть должным

to pay off

peɪ ɒf 

погасить

receivables

rɪˈsiːvəblz 

дебиторская задолженность

red flag

redflæɡ

сигнал опасности

to tie up

taɪ ʌp

замораживать (деньги)

underlying

ˌʌn.dəˈlaɪ.ɪŋ

базовый, лежащий в основе

 


3. SEE CORRECT ANSWER

[ Див. правильну відповідь ] 

measure of both a company's efficiency and its short-term financial health. The working capital ratio is calculated as:

Working Capital = Current Assets - Current Liabilities

Positive working capital means that the company is able to pay off its short-term liabilities. Negative working capital means that a company currently is unable to meet its short-term liabilities with its current assets (cash, accounts receivable and inventory).

Also known as "net working capital".

If a company's current assets do not exceed its current liabilities, then it may run into trouble paying back creditors in the short term. The worst-case scenario is bankruptcy. A declining working capital ratio over a longer time period could also be a red flag that warrants further analysis. For example, it could be that the company's sales volumes are decreasing and, as a result, its accounts receivables number continues to get smaller and smaller.

Working capital also gives investors an idea of the company's underlying operational efficiency. Money that is tied up in inventory or money that customers still owe to the company cannot be used to pay off any of the company's obligations. So, if a company is not operating in the most efficient manner (slow collection), it will show up as an increase in the working capital. This can be seen by comparing the working capital from one period to another; slow collection may signal an underlying problem in the company's operations. 


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Автор:
FBE School
Джерело
«Дебет-Кредит»
Рубрика:
«Дебет-Кредит» / Новини партнерів
Теги:
financial english

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