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Garmin Ltd's quarterly accounts payable declined from Sep. 2014 ($906 Mil) to Dec. 2014 ($812 Mil) and declined from Dec. 2014 ($812 Mil) to Mar. 2015 ($625 Mil).
Garmin Ltd's annual accounts payable declined from Dec. 2012 ($656 Mil) to Dec. 2013 ($647 Mil) but then increased from Dec. 2013 ($647 Mil) to Dec. 2014 ($812 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.
Garmin Ltd Annual Data
Garmin Ltd Quarterly Data