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Garmin Ltd (NAS:GRMN)
Accounts Payable
$906 Mil (As of Sep. 2014)

Garmin Ltd's quarterly accounts payable increased from Mar. 2014 ($457 Mil) to Jun. 2014 ($748 Mil) and increased from Jun. 2014 ($748 Mil) to Sep. 2014 ($906 Mil).

Garmin Ltd's annual accounts payable declined from Dec. 2011 ($664 Mil) to Dec. 2012 ($656 Mil) and declined from Dec. 2012 ($656 Mil) to Dec. 2013 ($647 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.

Garmin Ltd Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 83132227802478656575664656647

Garmin Ltd Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
Accts Payable 682644656355639718647457748906
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