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GuruFocus has detected 6 Warning Signs with Nicholas Financial Inc $NICK.
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Nicholas Financial Inc (NAS:NICK)
Accounts Payable & Accrued Expense
$9.68 Mil (As of Dec. 2016)

Nicholas Financial Inc's quarterly accounts payable & accrued expense increased from Jun. 2016 ($6.55 Mil) to Sep. 2016 ($7.78 Mil) and increased from Sep. 2016 ($7.78 Mil) to Dec. 2016 ($9.68 Mil).

Nicholas Financial Inc's annual accounts payable & accrued expense declined from Mar. 2014 ($11.26 Mil) to Mar. 2015 ($10.32 Mil) and declined from Mar. 2015 ($10.32 Mil) to Mar. 2016 ($7.34 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.

Nicholas Financial Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Accounts Payable & Accrued Expense 7.246.747.509.328.229.5011.2610.327.340.00

Nicholas Financial Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Accounts Payable & Accrued Expense 8.0210.3211.969.087.647.346.557.789.680.00
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