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Hormel Foods Corp (NYSE:HRL)
Accounts Payable
{IF BankInsurance_zone 1}
$984 Mil (As of )Jul. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Hormel Foods Corps quarterly accounts payable declined from Jan. 2016 ($1,020 Mil) to Apr. 2016 ($1,020 Mil) but then increased from Apr. 2016 ($937 Mil) to Jul. 2016 ($984 Mil)

Hormel Foods Corps quarterly accounts payable increased from Oct. 2013 ($784 Mil) to Oct. 2014 ($784 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

{data_exp}

Hormel Foods Corp Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
Accts Payable 3954525285035647787867849551,029
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
Accts Payable 7527859559378708951,0291,020937984
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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