Glossary entry

English term or phrase:

WC - Working Capital

Spanish translation:

capital circulante

Added to glossary by patinba
Aug 18, 2016 16:45
7 yrs ago
10 viewers *
English term

WC

English to Spanish Bus/Financial Finance (general) Liquidity Financial Information
Context:

Adjusted Free Cash Flow (post tax):
- Of which change in WC
- Of which Capex
Change log

Aug 20, 2016 12:28: patinba Created KOG entry

Proposed translations

16 mins
Selected

capital circulante

working capital

también capital de trabajo
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4 KudoZ points awarded for this answer. Comment: "Thanks"
17 mins
English term (edited): WC = Working Capital

Capital Circulante (Working Capital)

WC = Working Capital = Capital Circulante

Working Capital
www.riesgoymorosidad.com/tag/working-capital/
El Fondo de Maniobra (FM) o **Capital Circulante (Working Capital)** es aquella parte del activo corriente que es financiado por el pasivo no corriente, es decir, ...

Unlevered free cash flow (i.e., cash flows before interest payments) is defined as EBITDA - CAPEX - changes in net working capital - taxes. This is the generally accepted definition. If there are mandatory repayments of debt, then some analysts utilize levered free cash flow, which is the same formula above, but less interest and mandatory principal repayments.
Investment bankers compute free cash flow using the following formulae:
FCFF = After tax operating income + Noncash charges (such as D&A) - CAPEX - **Working capital expenditures** + Interest*(1-t)= Free cash flow to firm (FCFF)
FCFE = Net income + Noncash charges (such as D&A) - CAPEX - Change in **non-cash working capital** + Net borrowing = Free cash flow to equity (FCFE)
https://en.wikipedia.org/wiki/Free_cash_flow
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