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GuruFocus has detected 6 Warning Signs with Energy Company of Minas Gerais $CIG.
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Energy Company of Minas Gerais (NYSE:CIG)
Accounts Payable & Accrued Expense
$1,008 Mil (As of Sep. 2016)

Energy Company of Minas Gerais's quarterly accounts payable & accrued expense increased from Mar. 2016 ($1,087 Mil) to Jun. 2016 ($1,207 Mil) but then declined from Jun. 2016 ($1,207 Mil) to Sep. 2016 ($1,008 Mil).

Energy Company of Minas Gerais's annual accounts payable & accrued expense increased from Dec. 2013 ($1,354 Mil) to Dec. 2014 ($1,631 Mil) but then declined from Dec. 2014 ($1,631 Mil) to Dec. 2015 ($1,150 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.

Energy Company of Minas Gerais Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Accounts Payable & Accrued Expense 1,1711,4721,2371,6551,9311,9302,7481,3541,6311,150

Energy Company of Minas Gerais Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
Accounts Payable & Accrued Expense 1,67601,63101,0819431,1501,0871,2071,008
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