: Another ratio used to calculate a business's liquidity position by dividing current assets minus stock by current liabilities. -
: Another term for a statement of financial position, which is a financial document that shows everything a business owns (assets) and everything it owes (liabilities) at a particular point in time. -
: Assets that are used up or converted into cash within a shorter timeframe than a year, such as stocks and cash. -
: Things that the business owes and are generally settled within a year, such as creditors and bank overdrafts. -
: A ratio used to calculate a business's liquidity position by dividing total current assets by total current liabilities. -
: People or businesses that owe money to the business, considered as assets. -
: Assets that a business owns and remain in the business for more than a year, such as premises, machinery, and delivery vans. -
: The amount of time it takes between receiving an order and delivering on that order, which can affect the speed of payment. -
: The ability of a business to convert its assets into cash quickly and easily in order to meet short-term financial obligations. -
: Things that the business owes and are due over a longer period of time, such as mortgages and bank loans.
