Toromont Industries (TSX:TIH) Accounts Payable & Accrued Expense : C$698 Mil (As of Mar. 2024)

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What is Toromont Industries Accounts Payable & Accrued Expense?

Toromont Industries's quarterly accounts payable & accrued expense increased from Sep. 2023 (C$631 Mil) to Dec. 2023 (C$662 Mil) and increased from Dec. 2023 (C$662 Mil) to Mar. 2024 (C$698 Mil).

Toromont Industries's annual accounts payable & accrued expense increased from Dec. 2021 (C$581 Mil) to Dec. 2022 (C$720 Mil) but then declined from Dec. 2022 (C$720 Mil) to Dec. 2023 (C$662 Mil).

Toromont Industries Accounts Payable & Accrued Expense Historical Data

The historical data trend for Toromont Industries's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Toromont Industries Accounts Payable & Accrued Expense Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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820.04

607.42

580.80

719.74

661.71

Toromont Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															581.81	608.25	631.34	661.71	698.41

Toromont Industries Accounts Payable & Accrued Expense Calculation

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.

Toromont Industries (TSX:TIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (TSX:TIH) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

TMTNF:USA 14T:Germany

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.

Executives

Jennifer Cochrane	Senior Officer
Miles Sean Ryan Gregg	Senior Officer
Mike Cuddy	Senior Officer
David Allan Malinauskas	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)

Toromont Industries (TSX:TIH) Headlines

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