Tax and working capital

[samdal]

Is tax payable a working capital (WC) element, or should it be included in net interest bearing debt (NIBD)? What about deferred tax assets and liabilities?

 

[AndrewUNH]

I think tax payable is included in working capital. I forget about DTAs

 

[hirazor]

Working capital is simply Current Asset - Current Liability. Tax Payable is part of current liability. Deferred tax assets/liabities can be carried over multiple years, thus they’re not current and not included in WC.