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Sonic Corporation Accounts Payable: 40.9 ( as of Feb13)

* All numbers are in millions except for per share data SONC 10-Y Financials »

Definition

Accounts Payable is money owned by a business to its suppliers. It is a liability that expected to be paid by the business within 12 months.

From a cash flow point of view, if a company’s accounts payable increase, it means that the company’s cash level is higher by the same amount. This is because accounts payable are eventually paid in the cash. The slower accounts payable are paid, the longer the company has use of the cash. Therefore, accounts payable contribute positively to cash flow.

A company’s accounts payable are reflected on its suppliers’ balance sheet as Accounts Receivable.

Related Terms

Accounts Receivable
* All numbers are in millions except for per share data

Sonic Corporation Annual Data

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Sonic Corporation Quarterly Data

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Financial Dictionary

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