Cash is the lifeblood of every business. Without cash a business operation can come to a standstill. Cash is one component of working capital, a term referring to current assets (Gross Working Capital) less payables and accrued expenses.
Net Working Capital
Net working capital is the balance of all gross capital (current assets) less current liabilities; in effect it is the value of capital available for use to take advantage of opportunities or address business emergencies.