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GuruFocus has detected 4 Warning Signs with NGL Energy Partners LP $NGL.
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NGL Energy Partners LP (NYSE:NGL)
Accounts Payable & Accrued Expense
$799 Mil (As of Dec. 2016)

NGL Energy Partners LP's quarterly accounts payable & accrued expense declined from Jun. 2016 ($715 Mil) to Sep. 2016 ($641 Mil) but then increased from Sep. 2016 ($641 Mil) to Dec. 2016 ($799 Mil).

NGL Energy Partners LP's annual accounts payable & accrued expense increased from Mar. 2014 ($896 Mil) to Mar. 2015 ($978 Mil) but then declined from Mar. 2015 ($978 Mil) to Mar. 2016 ($548 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.

NGL Energy Partners LP Annual Data

Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Accounts Payable & Accrued Expense 0354041105616896978548873

NGL Energy Partners LP Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Accounts Payable & Accrued Expense 1,762978991738685548715641799873
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