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Hormel Foods Corp (NYSE:HRL)
Accounts Payable
$1,029 Mil (As of Oct. 2015)

Hormel Foods Corp's quarterly accounts payable increased from Apr. 2015 ($870 Mil) to Jul. 2015 ($895 Mil) and increased from Jul. 2015 ($895 Mil) to Oct. 2015 ($1,029 Mil).

Hormel Foods Corp's annual accounts payable increased from Oct. 2013 ($784 Mil) to Oct. 2014 ($955 Mil) and increased from Oct. 2014 ($955 Mil) to Oct. 2015 ($1,029 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.

Hormel Foods Corp Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
Accts Payable 3954525285035647787867849551,029

Hormel Foods Corp Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
Accts Payable 7897848257527859559378708951,029
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