Fortis (Fortis) Accounts Payable & Accrued Expense : $1,740 Mil (As of Dec. 2023)

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What is Fortis Accounts Payable & Accrued Expense?

Fortis's quarterly accounts payable & accrued expense increased from Jun. 2023 ($1,830 Mil) to Sep. 2023 ($2,125 Mil) but then declined from Sep. 2023 ($2,125 Mil) to Dec. 2023 ($1,740 Mil).

Fortis's annual accounts payable & accrued expense increased from Dec. 2021 ($1,619 Mil) to Dec. 2022 ($1,892 Mil) but then declined from Dec. 2022 ($1,892 Mil) to Dec. 2023 ($1,740 Mil).

Fortis Accounts Payable & Accrued Expense Historical Data

The historical data trend for Fortis's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortis Accounts Payable & Accrued Expense Chart

Fortis Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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1,420.76

1,423.22

1,618.75

1,891.79

1,739.71

Fortis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,891.79	2,161.81	1,830.50	2,124.75	1,739.71

Fortis 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.

Fortis (Fortis) Business Description

Industry

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Address

5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.