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GuruFocus has detected 4 Warning Signs with Cintas Corp $CTAS.
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Cintas Corp (NAS:CTAS)
Accounts Payable & Accrued Expense
$545 Mil (As of Feb. 2017)

Cintas Corp's quarterly accounts payable & accrued expense increased from Aug. 2016 ($547 Mil) to Nov. 2016 ($683 Mil) but then declined from Nov. 2016 ($683 Mil) to Feb. 2017 ($545 Mil).

Cintas Corp's annual accounts payable & accrued expense declined from May. 2014 ($541 Mil) to May. 2015 ($508 Mil) but then increased from May. 2015 ($508 Mil) to May. 2016 ($566 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.

Cintas Corp Annual Data

May07May08May09May10May11May12May13May14May15May16
Accounts Payable & Accrued Expense 328366300383433447471541508566

Cintas Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Accounts Payable & Accrued Expense 752472508527881609566547683545
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