Importance of Cash

Introduction to Importance of Cash

It is importance asking why cash is so important. Nevertheless, the cash is just an asset that the business requires to assist it to function. In that sense, it is no dissimilar from inventories or non-current assets.

The cause for the significance of cash is that people and organisations will not generally admit anything other than cash in settlement of their claims. If a business needs to use people, it must pay them in cash. If it needs to buy a new non-current asset to use a business opportunity, the seller of the asset will generally maintain on being paid in cash, possibly after a short period of credit. While businesses fail, it is their incapability to find the cash to pay the amounts owed that actually pushes them under.

These issues lead to cash being the pre-eminent business asset. Cash is what analysts tend to watch most cautiously while assessing the ability of businesses to survive and/or to take benefits of commercial opportunities.

Throughout an economic downturn, the ability to produce cash takes on even greater significance. Banks become more careful in their lending and those businesses with weak cash flows frequently find it hard to obtain finance.

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