REFS is
a mine of invaluable information for the private investor.
Selecting shares without its help is like trying to
clap with one hand tied behind your back.
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Net
current assets
These are
defined as current assets minus current liabilities. A negative
value for net current assets therefore indicates net current
liabilities. Current assets include stocks and work-in-progress,
debtors, short-term investments, and cash. Current liabilities
include short-term borrowings, creditors, dividends and taxation
payable, and accruals.
Net current
assets consist of the following items from each reported balance
sheet:
TOTAL CURRENT
ASSETS
- TOTAL CURRENT
LIABILITIES
= NET CURRENT
ASSETS
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