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Energy Company of Minas Gerais's quarterly accounts payable declined from Jun. 2013 ($1,436 Mil) to Sep. 2013 ($1,377 Mil) and declined from Sep. 2013 ($1,377 Mil) to Dec. 2013 ($1,332 Mil).
Energy Company of Minas Gerais's annual accounts payable increased from Dec. 2011 ($1,989 Mil) to Dec. 2012 ($3,138 Mil) but then declined from Dec. 2012 ($3,138 Mil) to Dec. 2013 ($1,332 Mil).
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
Energy Company of Minas Gerais Quarterly Data