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Toro Co (NYSE:TTC)
Accounts Payable
$420 Mil (As of Oct. 2015)

Toro Co's quarterly accounts payable declined from Apr. 2015 ($571 Mil) to Jul. 2015 ($471 Mil) and declined from Jul. 2015 ($471 Mil) to Oct. 2015 ($420 Mil).

Toro Co's annual accounts payable declined from Oct. 2013 ($389 Mil) to Oct. 2014 ($373 Mil) but then increased from Oct. 2014 ($373 Mil) to Oct. 2015 ($420 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.

Toro Co Annual Data

Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14Oct15
Accts Payable 342339319309365357376389373420

Toro Co Quarterly Data

Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15Oct15
Accts Payable 409389443538458373441571471420
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