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McCormick & Co Inc (NYSE:MKC)
Accounts Payable & Accrued Expense
$702 Mil (As of Feb. 2016)

McCormick & Co Inc's quarterly accounts payable & accrued expense increased from Aug. 2015 ($720 Mil) to Nov. 2015 ($897 Mil) but then declined from Nov. 2015 ($897 Mil) to Feb. 2016 ($702 Mil).

McCormick & Co Inc's annual accounts payable & accrued expense increased from Nov. 2013 ($849 Mil) to Nov. 2014 ($851 Mil) and increased from Nov. 2014 ($851 Mil) to Nov. 2015 ($897 Mil).


Definition

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

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 & Co Inc Annual Data

Nov06Nov07Nov08Nov09Nov10Nov11Nov12Nov13Nov14Nov15
Accounts Payable & Accrued Expense 699712680702734630795849851897

McCormick & Co Inc Quarterly Data

Nov13Feb14May14Aug14Nov14Feb15May15Aug15Nov15Feb16
Accounts Payable & Accrued Expense 849730694724851705716720897702
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