Market Cap : 25.6 B | Enterprise Value : 45.6 B | P/E (TTM) : 10.56 | P/B : 1.39 |
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MPLX LP's quarterly accounts payable & accrued expense increased from Mar. 2019 ($862 Mil) to Jun. 2019 ($866 Mil) and increased from Jun. 2019 ($866 Mil) to Sep. 2019 ($1,464 Mil).
MPLX LP's annual accounts payable & accrued expense increased from Dec. 2016 ($696 Mil) to Dec. 2017 ($1,180 Mil) but then declined from Dec. 2017 ($1,180 Mil) to Dec. 2018 ($1,052 Mil).
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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