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GuruFocus has detected 5 Warning Signs with Cliffs Natural Resources Inc $CLF.
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Cliffs Natural Resources Inc (NYSE:CLF)
Accounts Payable
{IF BankInsurance_zone 1}
$300 Mil (As of )Dec. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Cliffs Natural Resources Incs quarterly accounts payable declined from Jun. 2016 ($233 Mil) to Sep. 2016 ($233 Mil) but then increased from Sep. 2016 ($216 Mil) to Dec. 2016 ($300 Mil)

Cliffs Natural Resources Incs quarterly accounts payable declined from Dec. 2014 ($409 Mil) to Dec. 2015 ($409 Mil) but then increased from Dec. 2015 ($298 Mil) to Dec. 2016 ($300 Mil)


Definition

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

{data_exp}

Cliffs Natural Resources Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accts Payable 2734913766751,0151,092856409298300
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accts Payable 621409281316252298188233216300
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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