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Steelcase Inc (NYSE:SCS)
Accounts Payable
$453 Mil (As of May. 2014)

Steelcase Inc's quarterly accounts payable declined from Nov. 2013 ($578 Mil) to Feb. 2014 ($520 Mil) and declined from Feb. 2014 ($520 Mil) to May. 2014 ($453 Mil).

Steelcase Inc's annual accounts payable increased from Feb. 2012 ($444 Mil) to Feb. 2013 ($469 Mil) and increased from Feb. 2013 ($469 Mil) to Feb. 2014 ($520 Mil).


Definition

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 own currency.

Steelcase Inc Annual Data

Feb05Feb06Feb07Feb08Feb09Feb10Feb11Feb12Feb13Feb14
Accts Payable 543574639675515405481444469520

Steelcase Inc Quarterly Data

Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14May14
Accts Payable 444447480520469454508578520453
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