NWC refers to the net working capital in financial terms. Current assets minus current liabilities is the company's net working capital, which can be used to reflect the short-term solvency of enterprises. Net working capital, as a source of funds to repay non-current liabilities, is used for investment and use. Therefore, it is mainly used to study the solvency and financial risks of enterprises.
What do you mean by illiquid assets?
Non-current assets refer to assets that cannot be realized or consumed in a business cycle of one year or more. Non-current assets mainly include: long-term receivables, long-term equity investments, engineering materials, investment real estate, fixed assets, projects under construction, intangible assets, long-term deferred expenses, etc.