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Otelco, Inc.'s quarterly accounts payable declined from Jun. 2014 ($8.91 Mil) to Sep. 2014 ($8.89 Mil) and declined from Sep. 2014 ($8.89 Mil) to Dec. 2014 ($6.16 Mil).
Otelco, Inc.'s annual accounts payable declined from Dec. 2012 ($18.47 Mil) to Dec. 2013 ($8.12 Mil) and declined from Dec. 2013 ($8.12 Mil) to Dec. 2014 ($6.16 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.
Otelco, Inc. Annual Data
Otelco, Inc. Quarterly Data