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Energy Company of Minas Gerais's quarterly accounts payable & accrued expense declined from Dec. 2014 ($1,639 Mil) to Jun. 2015 ($1,081 Mil) and declined from Jun. 2015 ($1,081 Mil) to Sep. 2015 ($943 Mil).
Energy Company of Minas Gerais's annual accounts payable & accrued expense declined from Dec. 2012 ($2,748 Mil) to Dec. 2013 ($1,354 Mil) but then increased from Dec. 2013 ($1,354 Mil) to Dec. 2014 ($1,639 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.
Energy Company of Minas Gerais Annual Data
|Accounts Payable & Accrued Expense||1,170||1,631||1,238||1,655||1,930||1,930||2,748||1,354||1,639||1,152|
Energy Company of Minas Gerais Quarterly Data
|Accounts Payable & Accrued Expense||1,499||1,344||1,354||1,684||1,676||0||1,639||1,081||943||1,152|