This news release also contains the term "net debt", which represent current assets less current liabilities, excluding current derivative financial instruments.
Most nations have institutionalised a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities.
Clubs receive immediate cash payment for sales, while inventories, accrued expenses, and other current liabilities normally carry longer payment terms.
A managerial accounting strategy focusing on maintaining efficient levels of both components of working capital, current assets and current liabilities, in respect to each other.
