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McCormick & Company Inc (NYSE:MKC)
Accounts Payable
$694 Mil (As of May. 2014)

McCormick & Company Inc's quarterly accounts payable declined from Nov. 2013 ($849 Mil) to Feb. 2014 ($730 Mil) and declined from Feb. 2014 ($730 Mil) to May. 2014 ($694 Mil).

McCormick & Company Inc's annual accounts payable increased from Nov. 2011 ($630 Mil) to Nov. 2012 ($795 Mil) and increased from Nov. 2012 ($795 Mil) to Nov. 2013 ($849 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.

McCormick & Company Inc Annual Data

Nov04Nov05Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13
Accts Payable 600593699712680702734630795849

McCormick & Company Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 677656671795662674694849730694
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