Cash and short-term assets expected to be converted to cash within a year. Businesses use the calculation of gross working capital to measure
cash flow. Gross working capital does not account for
current liabilities, but is simply the measure of total cash and
cash equivalent on hand. Gross working capital tends not to add much to the business'
assets, but helps keep it running on a day-to-day basis. See also:
Fixed asset,
Net working capital.