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Cintas Corp (NAS:CTAS)
Accounts Payable
$541 Mil (As of May. 2014)

Cintas Corp's quarterly accounts payable declined from Nov. 2013 ($527 Mil) to Feb. 2014 ($466 Mil) but then increased from Feb. 2014 ($466 Mil) to May. 2014 ($541 Mil).

Cintas Corp's annual accounts payable increased from May. 2012 ($443 Mil) to May. 2013 ($471 Mil) and increased from May. 2013 ($471 Mil) to May. 2014 ($541 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

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Cintas Corp Annual Data

May05May06May07May08May09May10May11May12May13May14
Accts Payable 274312328353317383433443471541

Cintas Corp Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 423443373498438471427527466541
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