Financing of Working Capital in Select

Abstract

It is generally argued that the pem1anent or fixed portion of total current assets should be financed by long term sources and the temporary or variable portion of the total current assets should be financed by short term sources. However, in the real world situation this argument does not always holds good. The pattern of financing current assets adopted by a firm depends upon several factors, such as cost of capita l, risk performance of owners etc. several studies on this issue have been made in India and abroad but no significant study on Jndjan pubUc sector oil and gas companies considering the matter adessed here has been carried out. Oil and gas comparues have a significant place in our national economy as it provides the basic input to infrastructure and consumer goods.