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Penn West Petroleum Ltd's quarterly accounts payable declined from Jun. 2013 ($716 Mil) to Sep. 2013 ($620 Mil) but then increased from Sep. 2013 ($620 Mil) to Dec. 2013 ($660 Mil).
Penn West Petroleum Ltd's annual accounts payable declined from Dec. 2011 ($1,219 Mil) to Dec. 2012 ($900 Mil) and declined from Dec. 2012 ($900 Mil) to Dec. 2013 ($660 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.
Penn West Petroleum Ltd Annual Data
Penn West Petroleum Ltd Quarterly Data