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Meritage Homes Corporation (NYSE:MTH)
Accounts Payable
$219 Mil (As of Dec. 2013)

Meritage Homes Corporation's quarterly accounts payable increased from Jun. 2013 ($193 Mil) to Sep. 2013 ($239 Mil) but then declined from Sep. 2013 ($239 Mil) to Dec. 2013 ($219 Mil).

Meritage Homes Corporation's annual accounts payable increased from Dec. 2011 ($117 Mil) to Dec. 2012 ($140 Mil) and increased from Dec. 2012 ($140 Mil) to Dec. 2013 ($219 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.

Meritage Homes Corporation Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Accts Payable 213430384262157134111117140219

Meritage Homes Corporation Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Accts Payable 118117112138148140160193239219
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