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Electro Rent Corp  (NAS:ELRC) Accounts Payable & Accrued Expense: $18.0 Mil (As of Feb. 2016)

Electro Rent Corp's quarterly accounts payable & accrued expense declined from Aug. 2015 ($22.9 Mil) to Nov. 2015 ($18.9 Mil) and declined from Nov. 2015 ($18.9 Mil) to Feb. 2016 ($18.0 Mil).

Electro Rent Corp's annual accounts payable & accrued expense declined from May. 2013 ($23.3 Mil) to May. 2014 ($21.8 Mil) but then increased from May. 2014 ($21.8 Mil) to May. 2015 ($26.7 Mil).


Historical Data

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

* Premium members only.

Electro Rent Corp Annual Data

May06 May07 May08 May09 May10 May11 May12 May13 May14 May15
Accounts Payable & Accrued Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.67 20.43 23.35 21.75 26.72

Electro Rent Corp Quarterly Data

May11 Aug11 Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16
Accounts Payable & Accrued Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.19 26.72 22.87 18.88 18.03

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.


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