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GuruFocus has detected 5 Warning Signs with Nicholas Financial Inc $NICK.
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Nicholas Financial Inc (NAS:NICK)
Accounts Payable
{IF BankInsurance_zone 1}
$9.68 Mil (As of )Dec. 2016)
{IF AP_Q_zone 1}{ELSE} {/IF}

Nicholas Financial Incs quarterly accounts payable increased from Jun. 2016 ($6.55 Mil) to Sep. 2016 ($6.55 Mil) and increased from Sep. 2016 ($7.78 Mil) to Dec. 2016 ($9.68 Mil)

Nicholas Financial Incs quarterly accounts payable declined from Mar. 2014 ($11.26 Mil) to Mar. 2015 ($11.26 Mil) and declined from Mar. 2015 ($10.32 Mil) to Mar. 2016 ($7.34 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}

Nicholas Financial Inc Annual Data

Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16
Accts Payable 6.167.246.747.509.328.229.5011.2610.327.34
{IF COMPANY->report_frequency 3M}

{COMPANY->company} Quarterly Data

{ELSE}

{COMPANY->company} Semi-Annual Data

{/IF}
Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accts Payable 9.448.0210.3211.969.087.647.346.557.789.68
{ELSE}

Accounts Payable does not apply to insurance companies.

{/IF}
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