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Non-working capital refers to the portion of a company's capital that is not tied up in its day-to-day operations. This includes long-term investments, fixed assets like property and equipment, and other resources that are not easily converted into cash or used for immediate operational needs. Essentially, non-working capital is focused on long-term growth and stability rather than short-term liquidity. It contrasts with working capital, which is used for managing current assets and liabilities.

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