The excess of current assets over current liabilities is

The excess of current assets over current liabilities is known as working capital. It represents the amount of funds that a business has available for its day-to-day operations. Current assets include cash, accounts receivable, and inventory, while current liabilities include accounts payable and other short-term debts. The working capital is important because it indicates a company's ability to pay its short-term debts and continue its operations. A positive working capital means that a company has enough funds to cover its short-term debts, while a negative working capital may indicate financial difficulties and potential bankruptcy.