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GuruFocus has detected 3 Warning Signs with Westlake Chemical Corp $WLK.
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Westlake Chemical Corp (NYSE:WLK)
Accounts Payable & Accrued Expense
$1,032 Mil (As of Dec. 2016)

Westlake Chemical Corp's quarterly accounts payable & accrued expense increased from Jun. 2016 ($619 Mil) to Sep. 2016 ($1,055 Mil) but then declined from Sep. 2016 ($1,055 Mil) to Dec. 2016 ($1,032 Mil).

Westlake Chemical Corp's annual accounts payable & accrued expense declined from Dec. 2014 ($537 Mil) to Dec. 2015 ($517 Mil) but then increased from Dec. 2015 ($517 Mil) to Dec. 2016 ($1,032 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Westlake Chemical Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accounts Payable & Accrued Expense 4412122873243653994055375171,032

Westlake Chemical Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accounts Payable & Accrued Expense 5735374535155285175056191,0551,032
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