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Federated Hermes (FRA:3KC) Accounts Payable & Accrued Expense : €86 Mil (As of Jun. 2024)


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What is Federated Hermes Accounts Payable & Accrued Expense?

Federated Hermes's quarterly accounts payable & accrued expense increased from Dec. 2023 (€81 Mil) to Mar. 2024 (€103 Mil) but then declined from Mar. 2024 (€103 Mil) to Jun. 2024 (€86 Mil).

Federated Hermes's annual accounts payable & accrued expense increased from Dec. 2021 (€57 Mil) to Dec. 2022 (€70 Mil) and increased from Dec. 2022 (€70 Mil) to Dec. 2023 (€81 Mil).

Federated Hermes Accounts Payable & Accrued Expense Historical Data

The historical data trend for Federated Hermes'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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Federated Hermes Accounts Payable & Accrued Expense Chart

Federated Hermes Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.11 50.75 56.66 69.76 80.96

Federated Hermes Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 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 75.91 74.71 80.96 103.23 85.99

Federated Hermes 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.

Federated Hermes Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Federated Hermes Inc (FRA:3KC) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
FHI:USA
Address
1001 Liberty Avenue, Pittsburgh, PA, USA, 15222-3779
Website
https://www.federatedhermes.com
Federated provides asset management services for institutional and individual investors. The company had $715.2 billion in managed assets at the end of September 2023, composed of equity (11%), multi-asset (less than 1%), fixed-income (13%), alternative (3%), and money market (73%) funds. That said, the firm's cash-management operations are expected to generate around 46% of Federated's revenue this year, compared with 31%, 12%, and 11%, respectively, for the firm's equity, fixed-income, and alternatives/multi-asset operations. From a channel perspective, the company's products are distributed via trust banks, wealth managers and retail broker/dealers (63% of AUM), institutional investors (27%), and international clients (10%).

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