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GuruFocus has detected 6 Warning Signs with Targa Resources Corp $TRGP.
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Targa Resources Corp (NYSE:TRGP)
Accounts Payable & Accrued Expense
$828 Mil (As of Dec. 2016)

Targa Resources Corp's quarterly accounts payable & accrued expense increased from Jun. 2016 ($698 Mil) to Sep. 2016 ($711 Mil) and increased from Sep. 2016 ($711 Mil) to Dec. 2016 ($828 Mil).

Targa Resources Corp's annual accounts payable & accrued expense declined from Dec. 2014 ($639 Mil) to Dec. 2015 ($632 Mil) but then increased from Dec. 2015 ($632 Mil) to Dec. 2016 ($828 Mil).


Definition

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.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Targa Resources Corp Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Accounts Payable & Accrued Expense 0406511590700679762639632828

Targa Resources Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Accounts Payable & Accrued Expense 793639737689660632541698711828
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