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Glossary entry

Spanish term or phrase:

necesidades operativas de financiación

English translation:

working capital requirements (WCR)

Added to glossary by Ryan Kelly
Aug 11, 2023 20:34
10 mos ago
25 viewers *
Spanish term

necesidades operativas de financiación

Spanish to English Bus/Financial Finance (general)
Hello,
This is for an instructional text on finance from Spanish (Spain) into English (US).

El FM puede dividirse en dos componentes: las necesidades operativas de financiación (NOF) y los recursos líquidos netos (RLN), agrupando las operaciones relacionadas con la explotación y las que están relacionadas con operaciones financieras, pues dentro del activo circulante y del pasivo circulante pueden distinguirse activos y pasivos de la explotación (o funcionales)

(FM=fondo de maniobra/working capital)

RLN I would take as Net Liquid Assets (NLA), but I'm unsure about NOF.

Thanks!
Proposed translations (English)
2 +7 working capital requirements (WCR)
5 -2 working capital loans

Discussion

Taña Dalglish Aug 15, 2023:
@ Francois, Luis and Ryan (Asker) 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
Taña Dalglish Aug 15, 2023:
@ Francois, Luis and Ryan (Asker) 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.
Taña Dalglish Aug 15, 2023:
@ Francois, Luis and Ryan (Asker) 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/
Taña Dalglish Aug 15, 2023:
@ Francois, Luis and Ryan (Asker) 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
Francois Boye 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.
Luis M. Sosa Aug 14, 2023:
You can cover 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.

Proposed translations

+7
15 mins
Spanish term (edited): necesidades operativas de financiación (NOF)
Selected

working capital requirements (WCR)

NOF > necesidades operativas de financiación = WCR Working Capital Requirements
Fund Operational Needs, also called Working Capital Requirements (WCR)


ANÁLISIS Y VALORACIÓN DE 21ST CENTURY FOX
comillas.edu
https://repositorio.comillas.edu › TFM000544
by LV González · 2016 — Calculo de las Necesidades Operativas de Financiación (NOF) ... 12 NOF: en inglés se le conoce como Working Capital Requirements.


05. Necesidades operativas de fondos NOF - CEF.
cef.es
https://www.cef.es/es/necesidades-operativas-fondos-nof-fina...
Las NOF o Necesidades operativas de fondo, también llamado Working Capital Requirements (WCR) establece una relación fundamental con el fondo de maniobra, ...

--------------------------------------------------
Note added at 2 days 16 hrs (2023-08-14 13:32:09 GMT) Post-grading
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Thank you very much, Ryan. Good luck with your work!
Peer comment(s):
agree Chloë McQuarrie
2 mins
Thank you Chloë.
agree Helena Chavarria
21 mins
Gracias Helena.
agree Adrian MM. : ... thank you - Adrian. it's OK to use my Christian = first name, even if you can't stand me.
13 hrs
Thank you. // Wow, wow! Unbeeeeelievable! It certainly was not my intention, if you look at many other thank-yous to others and where I do not include names. This is beyond the .... (you know what I mean; fill in the blanks).
agree James A. Walsh
14 hrs
Thank you James.
neutral Francois Boye : Just say working capital. Why? Because working capital is a requirement//The expression in Spanish submitted by Asker is a pleonasm in English.
20 hrs
Asker wanted: "necesidades operativas de financiación" Acronym is "WCR" in English.//Why bother agree, if you are going to argue? It is not a pleonasm; term is an extension of WCR. Remove remarks altogether! Asker determines what is right in context
agree ezpz
1 day 14 hrs
Thank you.
agree Luis M. Sosa
2 days 14 hrs
Gracias, Luis.
agree AllegroTrans
6 days
Thank you, AllegroTrans.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you so much!"
-2
1 day 23 hrs

working capital loans

The companies whose net receipts are below working capital must borrow money to meet all their short term outlays. Those borrowings are called working capital loans.

As a result, one can say that working capital = working capital loans plus net receipts. This identity is the one presented by Asker (El FM puede dividirse en dos componentes: las necesidades operativas de financiación (NOF) y los recursos líquidos netos (RLN))

Below is a definition of working capital loan and 'fondo de maniobra'.

What Is a Working Capital Loan?

A working capital loan is a loan that is taken to finance a company's everyday operations. These loans are not used to buy long-term assets or investments and are, instead, used to provide the working capital that covers a company's short-term operational needs.

Those needs can include costs such as payroll, rent, and debt payments. In this way, working capital loans are simply corporate debt borrowings that are used by a company to finance its daily operations.

--------------------------------------------------
Note added at 1 day 23 hrs (2023-08-13 19:47:59 GMT)
--------------------------------------------------

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.
Peer comment(s):
disagree AllegroTrans : "necesidades" clearly means "requirements" and not "loans" // please reread the asker's text SLOWLY and CAREFULLY
14 hrs
You don't understand! Working capital is a requirement. The working capital loans are what companies that don't meet working capital need.//What Asker said in Spanish is what they call working capital loans in corporate finance; that's why I quoted Asker.
neutral Luis M. Sosa : neutral
15 hrs
What do you mean?
disagree Taña Dalglish : Operativas de financiación=working capital. No "same anything!" / Why? Because you are playing games, and this is done out of "vengeance/dislike; 2. I said it before, the term requested was "NOF", which translates to requirements, not loans (préstamos)!
19 hrs
Translating is not following the letter of a text. Instead, it is about understanding a text in an original language and expressing it in a target language. You did the same by using working capital. So why refuse working capital loans?
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