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Nabors Industries Ltd's quarterly accounts payable & accrued expense declined from Dec. 2015 ($654 Mil) to Mar. 2016 ($557 Mil) and declined from Mar. 2016 ($557 Mil) to Jun. 2016 ($540 Mil).
Nabors Industries Ltd's annual accounts payable & accrued expense increased from Dec. 2013 ($1,031 Mil) to Dec. 2014 ($1,240 Mil) but then declined from Dec. 2014 ($1,240 Mil) to Dec. 2015 ($654 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Nabors Industries Ltd Annual Data
|Accounts Payable & Accrued Expense||754||697||904||608||686||1,527||904||1,031||1,240||654|
Nabors Industries Ltd Quarterly Data
|Accounts Payable & Accrued Expense||1,233||1,002||1,074||1,240||817||736||670||654||557||540|