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Toro Co (NYSE:TTC)
Accounts Payable
$373 Mil (As of Oct. 2014)

Toro Co's quarterly accounts payable declined from Apr. 2014 ($538 Mil) to Jul. 2014 ($458 Mil) and declined from Jul. 2014 ($458 Mil) to Oct. 2014 ($373 Mil).

Toro Co's annual accounts payable increased from Oct. 2011 ($304 Mil) to Oct. 2012 ($376 Mil) and increased from Oct. 2012 ($376 Mil) to Oct. 2013 ($389 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

Oct04Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13
Accts Payable 323341342339319309365304376389

Toro Co Quarterly Data

Jul12Oct12Jan13Apr13Jul13Oct13Jan14Apr14Jul14Oct14
Accts Payable 403376427498409389443538458373
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