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Hovnanian Enterprises Inc (NYSE:HOV)
Accounts Payable
$209 Mil (As of Jul. 2014)

Hovnanian Enterprises Inc's quarterly accounts payable increased from Jan. 2014 ($153 Mil) to Apr. 2014 ($184 Mil) and increased from Apr. 2014 ($184 Mil) to Jul. 2014 ($209 Mil).

Hovnanian Enterprises Inc's annual accounts payable declined from Oct. 2011 ($318 Mil) to Oct. 2012 ($211 Mil) but then increased from Oct. 2012 ($211 Mil) to Oct. 2013 ($229 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.

Hovnanian Enterprises Inc Annual Data

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Accts Payable 336519382341431340345318211229

Hovnanian Enterprises Inc Quarterly Data

Apr12Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14
Accts Payable 177206211136155173229153184209
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