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FORM 31-103F1 CALCULATION OF EXCESS WORKING CAPITAL

FORM 31-103F1 CALCULATION OF EXCESS WORKING CAPITAL 2025

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The document outlines the FORM 31-103F1 for calculating excess working capital for registered firms, detailing the components involved in determining current and adjusted assets and liabilities. It specifies the necessary deductions for minimum capital, market risk, guarantees, and unresolved differences to arrive at the excess working capital. Additionally, it provides guidance on acceptable accounting principles and specific calculations related to market risk based on various types of securities.

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Click ‘Get Form’ to open FORM 31-103F1 in the editor.
Begin by entering your Firm Name at the top of the form. This identifies your business for the calculation.
In the 'Current assets' section, list all assets that can be quickly converted into cash. Ensure accuracy as this impacts your working capital.
Subtract any current assets not readily convertible into cash, such as prepaid expenses, from your total current assets to find 'Adjusted current assets'.
Next, input your 'Current liabilities' and add any long-term related party debt unless a subordination agreement is in place.
Calculate 'Adjusted current liabilities' by adding adjusted current liabilities and long-term related party debt.
Determine 'Adjusted working capital' by subtracting adjusted current liabilities from adjusted current assets.
Continue filling out the remaining sections, including deductions for minimum capital and market risk, ensuring compliance with accounting principles.

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What is excess working capital?

Excess working capital means that the working capital of a company is higher than the norm. Working capital means the amount of current assets that exceed the current liabilities of a company.

Is OWC the same as NWC?

Operating working capital is a narrower measure than net working capital. Operating working capital focuses more on day-to-day operations, whereas net working capital looks at all assets and liabilities.

How to calculate excess capital?

To determine excess capital, we add free cash flow to cash on the balance sheet and net out dividends. We then employ a balance sheet optimization to capture the competitive advantage afforded to companies with respect to their leverage (relative to that of their peers).

How to calculate excess working capital?

To calculate working capital, you subtract a companys current liabilities from its current assets. Both figures can be found in public companies publicly disclosed financial statements. This information may not be readily available for private companies.

How to determine excess working capital?

Calculating working capital for your business is a straightforward process. Identify current assets. Cash and cash equivalents: Money in hand or in bank accounts that is readily available for use. Identify current liabilities. Calculate: Total current assets minus total current liabilities equals working capital.