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GuruFocus has detected 1 Warning Sign with Rite Aid Corp $RAD.
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Rite Aid Corp (NYSE:RAD)
Accounts Payable & Accrued Expense
$2,596 Mil (As of Feb. 2017)

Rite Aid Corp's quarterly accounts payable & accrued expense increased from Aug. 2016 ($3,028 Mil) to Nov. 2016 ($3,049 Mil) but then declined from Nov. 2016 ($3,049 Mil) to Feb. 2017 ($2,596 Mil).

Rite Aid Corp's annual accounts payable & accrued expense increased from Feb. 2015 ($2,327 Mil) to Feb. 2016 ($2,620 Mil) but then declined from Feb. 2016 ($2,620 Mil) to Feb. 2017 ($2,596 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.

Rite Aid Corp Annual Data

Feb08Feb09Feb10Feb11Feb12Feb13Feb14Feb15Feb16Feb17
Accounts Payable & Accrued Expense 2,1542,2622,1242,3572,4912,5412,1832,3272,6202,596

Rite Aid Corp Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
Accounts Payable & Accrued Expense 2,3532,3272,3123,2983,0762,6202,9543,0283,0492,596
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