ALLY (Ally Financial) Accounts Payable & Accrued Expense : $1,970 Mil (As of Sep. 2024)

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What is Ally Financial Accounts Payable & Accrued Expense?

Ally Financial's quarterly accounts payable & accrued expense increased from Mar. 2024 ($1,645 Mil) to Jun. 2024 ($1,721 Mil) and increased from Jun. 2024 ($1,721 Mil) to Sep. 2024 ($1,970 Mil).

Ally Financial's annual accounts payable & accrued expense increased from Dec. 2021 ($794 Mil) to Dec. 2022 ($843 Mil) and increased from Dec. 2022 ($843 Mil) to Dec. 2023 ($1,367 Mil).

Ally Financial Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ally Financial'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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Ally Financial Accounts Payable & Accrued Expense Chart

Ally Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,176.00

1,014.00

794.00

843.00

1,367.00

Ally Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,919.00	1,367.00	1,645.00	1,721.00	1,970.00

Ally Financial 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.

Ally Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (NYSE:ALLY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

ALLY1:Mexico 0HD0:UK GMZ:Germany

Address

500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226

Website

https://www.ally.com

Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.

Executives

David J Debrunner	officer: VP, CAO, Controller
Thomas P Gibbons	director	THE BANK OF NEW YORK MELLON CORPORATION, 225 LIBERTY STREET, NEW YORK NY 10286
Russell E. Hutchinson	officer: Chief Financial Officer	C/O ALLY FINANCIAL INC., 500 WOODWARD AVE., 10TH FLOOR, DETROIT MI 48226
Marjorie Magner	director	GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN VA 22107
Bradley J. Brown	officer: Interim CFO	C/O ALLY FINANCIAL INC., 500 WOODWARD AVE., 10TH FLOOR, DETROIT MI 48226
Melissa Goldman	director	C/O ALLY FINANCIAL INC, 500 WOODWARD AVE, 10TH FLOOR, DETROIT MI 48226
David Reilly	director	C/O ALLY FINANCIAL INC., 500 WOODWARD AVE, 10TH FLOOR, DETROIT MI 48226
Jason E. Schugel	officer: Chief Risk Officer	ALLY DETROIT CENTER, 500 WOODWARD AVENUE, DETROIT MI 48226
Douglas R. Timmerman	officer: President, Auto Finance	ALLY DETROIT CENTER, 500 WOODWARD AVENUE, DETROIT MI 48226
Diane E. Morais	officer: CEO & President, Ally Bank	ALLY FINANCIAL INC., 440 SOUTH CHURCH STREET, CHARLOTTE NC 28202
Scott A Stengel	officer: General Counsel	1010 GRAND BLVD, KANSAS CITY MO 64106
Jeffrey Jonathan Brown	officer: Sr Executive Vice President	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Jennifer A. Laclair	officer: Chief Financial Officer	ALLY DETROIT CENTER, 500 WOODWARD AVENUE, DETROIT MI 48226
Mayree C Clark	director	C/O ALLY FINANCIAL INC., 200 RENAISSANCE CENTER, DETROIT MI 48265
Hobbs Franklin W Iv	director	1801 CALIFORNIA STREET, SUITE 4600, DENVER CO 80202