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National Oilwell Varco Inc's quarterly accounts payable increased from Sep. 2013 ($5,982 Mil) to Dec. 2013 ($6,365 Mil) but then declined from Dec. 2013 ($6,365 Mil) to Mar. 2014 ($4,592 Mil).
National Oilwell Varco Inc's annual accounts payable increased from Dec. 2011 ($4,851 Mil) to Dec. 2012 ($5,315 Mil) and increased from Dec. 2012 ($5,315 Mil) to Dec. 2013 ($6,365 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
National Oilwell Varco Inc Annual Data
National Oilwell Varco Inc Quarterly Data