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GuruFocus has detected 5 Warning Signs with National Oilwell Varco Inc $NOV.
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National Oilwell Varco Inc (NYSE:NOV)
Accounts Payable & Accrued Expense
$1,813 Mil (As of Dec. 2016)

National Oilwell Varco Inc's quarterly accounts payable & accrued expense declined from Jun. 2016 ($1,823 Mil) to Sep. 2016 ($1,710 Mil) but then increased from Sep. 2016 ($1,710 Mil) to Dec. 2016 ($1,813 Mil).

National Oilwell Varco Inc's annual accounts payable & accrued expense declined from Dec. 2014 ($3,866 Mil) to Dec. 2015 ($2,484 Mil) and declined from Dec. 2015 ($2,484 Mil) to Dec. 2016 ($1,813 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 local exchange's currency.

National Oilwell Varco Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accounts Payable & Accrued Expense 3,8745,6192,5162,5773,8713,4093,6623,8662,4841,813

National Oilwell Varco Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accounts Payable & Accrued Expense 3,9313,8663,4022,7822,8682,4842,2031,8231,7101,813
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