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GuruFocus has detected 4 Warning Signs with Bank of America Corporation $BAC.
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Bank of America Corporation (NYSE:BAC)
Accounts Payable
{IF BankInsurance_zone 1}
$141,634 Mil (As of )Sep. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Bank of America Corporations quarterly accounts payable increased from Mar. 2016 ($137,705 Mil) to Jun. 2016 ($137,705 Mil) and increased from Jun. 2016 ($140,876 Mil) to Sep. 2016 ($141,634 Mil)

Bank of America Corporations quarterly accounts payable increased from Dec. 2013 ($135,662 Mil) to Dec. 2014 ($135,662 Mil) and increased from Dec. 2014 ($145,438 Mil) to Dec. 2015 ($146,286 Mil)


Definition

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.


Historical Data

{data_exp}

Bank of America Corporation Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Accts Payable 0042,516127,854000135,662145,438146,286
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accts Payable 150,531145,438138,278135,295143,934146,286137,705140,876141,634146,359
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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