necesidades operativas de financiación

03:15 Aug 15, 2023 

4/ Francois: Finally, regardless of your utter disdain for me, and what is a very clear target on my back, the fact of the matter is that Ryan (the Asker) is the ultimate authority on evaluating the correct term, given his context, and he made his decision. It is, therefore, totally inappropriate for you to continue to question the Asker's choice(s), and it is contrary to the spirit and working of ProZ. It is also highly unusual for a supposedly professional whose first languages, BTW, are English to French and French to English to add notes after grading by the Asker (not by me), and continue to question the result, even going as far as to criticize another ProZ participant! Francois, this is going to end tonight. This, in my view, is not "normal", much less professional behaviour, and I will not be singled out by you due to gross unfairness and your own personal dislike of me. Now, kindly remove your posting above, please! Again, you do not have the right to question the Asker's choice/decision given his context. This is one of the foundations of ProZ' policy and its rules, and it appears that you are in clear violation of the spirit of ProZ and what it represents. Thanks

03:03 Aug 15, 2023 

https://tureng.com/en/spanish-english/necesidad de financiac...

https://economipedia.com/definiciones/fondo-de-maniobra.html

El fondo de maniobra variará según el momento del año debido a la actividad que desarrolla la empresa. Por lo tanto, su control es muy importante para garantizar la liquidez y solvencia de una empresa a corto plazo, pilares fundamentales en materia financiera.

También es conocido como fondo de rotación, capital circulante o por su nombre en inglés, working capital. El capital circulante es muy importante ya que es el que permite a la empresa afrontar sus deudas de los próximos 12 meses.

03:03 Aug 15, 2023 

https://forum.wordreference.com/threads/nof-necesidades-oper...

Estas son las traducciones:

Necesidades Operativas de Fondo = Working Capital Requirements
Fondo de Maniobra = Working Capital

Capital de trabajo (Working Capital) no es lo mismo que el NOF (Working Capital Requirements). El NOF, basicamente se refiere a que la empresa necesita recursos para mantener su ciclo productivo, mientras que el capital de trabajo en si es una forma de financiar las necesidades operativas de la empresa. El NOF (activos circulantes- recursos espontaneos) consiste por lo tanto o de capital de trabajo ( activos circulantes - pasivos circulantes), o de endeudamiento (o una mezcla), dependiendo completamente de las características de la empresa si es bueno o no, de como es su NOF. 3/

03:01 Aug 15, 2023 

Well, François, I am sorry, but despite other colleagues' inputs and advice, you continue to single me out (your posting above, and I ask you to remove your posting which is erroneous and is also directly targeting me out of spite, which you have deliberately done twice now) claiming I am wrong. I have done my research several times now, and further, Luis Sosa explained the difference between working capital requirements and simply working capital. More research shows the following: /2

01:56 Aug 15, 2023 

I am sorry! The expression working capital is the English for 'Fondo de maniobra. For that reason, Ms. Dalglish is totally wrong in her translation of 'necesidades operatives de financiación''

That expression in Spanish is a concept of corporate finance. It means that any company that cannot meet working capital needs to borrow funds/loans to meet working capital.

Those funds/ loans are called working capital loans in corporate finance.

23:27 Aug 14, 2023 

your working capital requirements with sales + factoring + working capital loan. Or else, you can cover all your working capital requirements with a working capital loan (their dollar value may be the same, but working capital requirements is essentially a budgeting exercise, while the loan may partially or entirely cover the figure or dollar value that results from your budgeting calculation). So they are not the same. One is related to short term financial planning the other is related to funding (i.e. request and get a working capital loan, some commercial bank or factor might be of help). They are different stages in the shot term financial planning.