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GuruFocus has detected 6 Warning Signs with Energy Company of Minas Gerais $CIG.
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Energy Company of Minas Gerais (NYSE:CIG)
Accounts Payable & Accrued Expense
$986 Mil (As of Mar. 2017)

Energy Company of Minas Gerais's quarterly accounts payable & accrued expense increased from Sep. 2016 ($1,008 Mil) to Dec. 2016 ($1,090 Mil) but then declined from Dec. 2016 ($1,090 Mil) to Mar. 2017 ($986 Mil).

Energy Company of Minas Gerais's annual accounts payable & accrued expense declined from Dec. 2014 ($1,631 Mil) to Dec. 2015 ($1,121 Mil) and declined from Dec. 2015 ($1,121 Mil) to Dec. 2016 ($1,090 Mil).


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.

Energy Company of Minas Gerais Annual Data

Accounts Payable & Accrued Expense 1,4721,2371,6551,9311,9302,7481,3541,6311,1211,090

Energy Company of Minas Gerais Quarterly Data

Accounts Payable & Accrued Expense 1,63101,0819431,1211,0871,2071,0081,090986
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