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GuruFocus has detected 3 Warning Signs with Orbit International Corp $ORBT.
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Orbit International Corp (OTCPK:ORBT)
Accounts Payable & Accrued Expense
$1.58 Mil (As of Jun. 2016)

Orbit International Corp's quarterly accounts payable & accrued expense increased from Sep. 2015 ($1.40 Mil) to Dec. 2015 ($1.46 Mil) and increased from Dec. 2015 ($1.46 Mil) to Jun. 2016 ($1.58 Mil).

Orbit International Corp's annual accounts payable & accrued expense declined from Dec. 2013 ($1.68 Mil) to Dec. 2014 ($1.41 Mil) but then increased from Dec. 2014 ($1.41 Mil) to Dec. 2015 ($1.46 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.

Orbit International Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
Accounts Payable & Accrued Expense 2.382.782.692.241.932.272.041.681.411.46

Orbit International Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15Dec15Jun16
Accounts Payable & Accrued Expense 1.731.681.621.610.001.410.001.401.461.58
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