1. Financial risk: Theoretically speaking, as long as current assets are greater than current liabilities, enterprises will have short-term solvency. Therefore, the minimum theoretical value of enterprise working capital is 0. However, this must be based on the premise that the realized quantity and term structure of current assets are completely consistent with the repaid quantity and term structure of current liabilities, otherwise the enterprise may form the risk that due debts cannot be repaid.

2. Profitability: If an enterprise simply considers debt repayment to determine the scale and structure of working capital, it will inevitably constrain itself to use working capital flexibly and affect the profitability of the enterprise.

3. Flexibility: Because flexibility plays an important role in financial management, the possibility of self-transformation should be considered in the management of working capital, so as to adjust the structure of working capital when necessary.

In actual management, flexibility will affect the scale of working capital. If the flexibility of existing working capital is not good, the structure of working capital should be adjusted. Faced with this situation, enterprises have two choices:

The first option is to sacrifice credit and income, and forcibly convert the working capital with poor flexibility into its form; The second option is to increase the scale of flexible working capital to prepare for short-term debt repayment and financial adjustment, which will increase the capital cost of enterprises, reduce income and maintain the existing credit of enterprises.

4. Operational capacity: Operation is operation, and operational capacity refers to the operational capacity of an enterprise. The narrow understanding is the speed of enterprise operation, which is mainly manifested in the efficiency of asset management and utilization, that is, the turnover rate of assets, which is often expressed in financial analysis, mainly including the turnover rate of current assets, fixed assets and total assets.