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GuruFocus has detected 3 Warning Signs with Legg Mason Inc $LM.
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Legg Mason Inc (NYSE:LM)
Accounts Payable & Accrued Expense
$668 Mil (As of Mar. 2017)

Legg Mason Inc's quarterly accounts payable & accrued expense increased from Sep. 2016 ($553 Mil) to Dec. 2016 ($660 Mil) and increased from Dec. 2016 ($660 Mil) to Mar. 2017 ($668 Mil).

Legg Mason Inc's annual accounts payable & accrued expense increased from Mar. 2015 ($608 Mil) to Mar. 2016 ($632 Mil) and increased from Mar. 2016 ($632 Mil) to Mar. 2017 ($668 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.

Legg Mason Inc Annual Data

Mar08Mar09Mar10Mar11Mar12Mar13Mar14Mar15Mar16Mar17
Accounts Payable & Accrued Expense 1,099775688576606567640608632668

Legg Mason Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Accounts Payable & Accrued Expense 582608395457539632440553660668
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