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Penn West Petroleum Ltd's quarterly accounts payable & accrued expense declined from Jun. 2016 (USD 149.7 Mil) to Sep. 2016 (USD 105.3 Mil) but then increased from Sep. 2016 (USD 105.3 Mil) to Dec. 2016 (USD 131.2 Mil).
Penn West Petroleum Ltd's annual accounts payable & accrued expense declined from Dec. 2014 (USD 519.4 Mil) to Dec. 2015 (USD 277.1 Mil) and declined from Dec. 2015 (USD 277.1 Mil) to Dec. 2016 (USD 131.2 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
Penn West Petroleum Ltd Annual Data
|Accounts Payable & Accrued Expense||358.5||617.7||548.5||943.4||1,206.6||902.2||626.0||519.4||277.1||131.2|
Penn West Petroleum Ltd Quarterly Data
|Accounts Payable & Accrued Expense||570.3||519.4||398.6||276.6||271.4||277.1||219.3||149.7||105.3||131.2|