Working capital

Working capital is total current assets minus total current liabilities, a measure of the short term resources a company has available to fund its day to day operations. Positive working capital generally means a company can comfortably cover its near term obligations.

This is the balance sheet snapshot of a company's short term financial position at a single point in time, distinct from the year-over-year change in working capital that shows up as its own line on the cash flow statement.