Noncash Working Capital definition

Noncash Working Capital means, as to any Person at any time, the difference between (i) the current assets of such Person and its Subsidiaries at such time, determined on a consolidated basis in accordance with GAAP but without counting cash and Cash Equivalents, and (ii) the current liabilities of such Person and its Subsidiaries at such time, determined on a consolidated basis in accordance with GAAP, but without counting (x) current maturities of long-term debt and (y) current liabilities attributable to pension or other post-retirement benefits which are not paid in cash during the fiscal year in which any such determination is made.
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Noncash Working Capital. At any time of determination, the excess of Consolidated Current Assets (other than cash) over Consolidated Current Liabilities.
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Examples of Noncash Working Capital in a sentence

  • Illustration 4.9: Estimating Non-cash Working Capital NeedsThe non-cash working capital investment varies widely across the five firms that you are valuing.

  • In addition, other cash flows to nonequity claim holders in the firm, such as preferred dividends, have to be netted from cash flows.Cash Flow to Equity = Net Income + Depreciation & Amortization – Change in Noncash Working Capital – Capital Expenditures + (New Debt Issues – Debt Repayments) – Preferred DividendsThe cash flow to equity measures the cash flows generated by a project for equity investors in the firm, after taxes, debt payments, and reinvestment needs.

  • The strategic partnership we started with the Union of Chambers and Commodity Exchanges of Turkey (TOBB) has shaped our operation this field.

  • Bloomberg defines operating cash flow as Net Income plus Depreciation plus Amortization plus Other Noncash Adjustments plus Changes in Non-cash Working Capital.

  • Although the Internal Revenue Service (“IRS”) will not issue rulings on whether subscription rights have a market value, we are unaware of any instance in which the IRS has taken the position that nontransferable subscription rights issued by a converting financial institution have a market value.

  • Illustration 10.8: Estimating Non-cash Working Capital Needs – The GapAs a specialty retailer, the Gap has substantial inventory and working capital needs.

  • Note 7 Cash Flows - Change in Non-cash Working Capital Three months ended Dec.

  • It was defined to be: Earnings before interest and taxes (1 - tax rate) – (Capital Expenditures - Depreciation) – Change in Non-cash Working Capital = Free Cash Flow to the FirmIn this chapter, you take a closer look at each of these items, with an emphasis on technology firms.

  • Note 5 Cash Flows - Change in Non-cash Working Capital Notes to the Condensed Interim Consolidated Financial Statements Three months ended March 31, 2011 (unaudited) Except where indicated and per share amounts, all dollar amounts are in millions.

  • Using 1999 as an illustration, we compute each as follows:FCFEBefore Debt CF= Net Income + Depreciation – Capital Expenditures – Change in Noncash Working Capital = 1300+3779-6113-(-363) = -$ 671 millionFCFEAfter Debt CF= FCFEBefore Debt CF + Net Debt CF = -$671 + $176 = -$495 million As Table 11.4 indicates, Disney had negative free cash flows to equity in three of the ten years.

Related to Noncash Working Capital

  • Net Working Capital means, at any time, Consolidated Current Assets at such time minus Consolidated Current Liabilities at such time.

  • Estimated Working Capital has the meaning set forth in Section 2.3(a).

  • Estimated Net Working Capital shall have the meaning set forth in Section 2.3(a).

  • Working Capital means, on any date, Current Assets less Current Liabilities.

  • Target Working Capital means $0.

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Adjusted Working Capital means the remainder of (a) the consolidated current assets of the Obligors minus the amount of cash and cash equivalents included in such consolidated current assets, minus (b) the consolidated current liabilities of the Obligors minus the amount of consolidated short-term Debt (including current maturities of long-term Debt) of the Obligors included in such consolidated current liabilities.

  • Consolidated Working Capital at any date, the excess of Consolidated Current Assets on such date over Consolidated Current Liabilities on such date.

  • Base Working Capital means negative USD$250,000 in aggregate for the Target Entities.

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Actual Working Capital has the meaning set forth in Section 2.7(a).

  • Closing Net Working Capital means the Net Working Capital as of the open of business on the Closing Date.

  • Final Working Capital has the meaning set forth in Section 2.4(b)(iii).

  • Final Net Working Capital shall have the meaning set forth in Section 2.3(b)(ii).

  • Target Net Working Capital means $0.

  • Consolidated Working Capital Adjustment means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.

  • Consolidated Net Working Capital means (a) all current assets of the Company and its Restricted Subsidiaries except current assets from Oil and Gas Hedging Contracts, less (b) all current liabilities of the Company and its Restricted Subsidiaries, except (i) current liabilities included in Indebtedness, (ii) current liabilities associated with asset retirement obligations relating to oil and gas properties and (iii) any current liabilities from Oil and Gas Hedging Contracts, in each case as set forth in the consolidated financial statements of the Company prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815).

  • Net Working Capital Amount means, with respect to a Participating McNeil Partnership, the excess of the Positive Excess Cash Balance of such Participating McNeil Partnership over the cash on hand of such Participating McNeil Partnership immediately prior to the Effective Time.

  • Net Working Capital Target means $0.00.

  • Working Capital Amount shall have the meaning specified in Section 3.4(e).

  • Closing Date Working Capital has the meaning specified in Section 2.3(b).

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Working Capital Target means $0.

  • Target Working Capital Amount means Nineteen Million Dollars ($19,000,000).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.