Financing Current Operations and Efficiency Ratio Analysis

  • John B. GuerardJr.
  • Anureet Saxena
  • Mustafa Gultekin


Current financing encompasses managing and utilizing current assets, and incurring and repaying current debt. The current assets of a firm differ from fixed assets; these differences are not abrupt but represent a continuum. The current assets (cash, receivables, inventory, etc.) support the short-run operations of the business. Current assets are what the classical economists called “circulating capital.” Within the current asset grouping, however, some items remain in the firm’s possession longer than others.


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© Springer Nature Switzerland AG 2021

Authors and Affiliations

  • John B. GuerardJr.
    • 1
  • Anureet Saxena
    • 2
  • Mustafa Gultekin
    • 3
  1. 1.McKinley Capital Management, LLCAnchorageUSA
  2. 2.McKinley Capital Management, LLCStamfordUSA
  3. 3.Kenan-Flagler Business SchoolUniversity of North Carolina Chapel HillChapel HillUSA

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