USD 826 Mil as of today(2020-04-06). In depth view into CIT Group Accounts Payable & Accrued Expense explanation, calculation, historical data and more" />CIT Accounts Payable & Accrued Expense | CIT Group - GuruFocus.com
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CIT Group Accounts Payable & Accrued Expense

: USD 826 Mil (As of Dec. 2019)
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CIT Group's quarterly accounts payable & accrued expense declined from Jun. 2019 (USD 734 Mil) to Sep. 2019 (USD 705 Mil) but then increased from Sep. 2019 (USD 705 Mil) to Dec. 2019 (USD 826 Mil).

CIT Group's annual accounts payable & accrued expense declined from Dec. 2017 (USD 876 Mil) to Dec. 2018 (USD 760 Mil) but then increased from Dec. 2018 (USD 760 Mil) to Dec. 2019 (USD 826 Mil).


CIT Group Accounts Payable & Accrued Expense Historical Data

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

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CIT Group Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Accounts Payable & Accrued Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,025.40 1,012.20 875.70 760.10 825.50

CIT Group Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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 760.10 666.00 733.50 705.10 825.50

CIT Group Accounts Payable & Accrued Expense 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.


CIT Group Accounts Payable & Accrued Expense Headlines

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