Cintas (FRA:CIT) Accounts Payable & Accrued Expense : €970 Mil (As of Feb. 2024)

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What is Cintas Accounts Payable & Accrued Expense?

Cintas's quarterly accounts payable & accrued expense declined from Aug. 2023 (€924 Mil) to Nov. 2023 (€877 Mil) but then increased from Nov. 2023 (€877 Mil) to Feb. 2024 (€970 Mil).

Cintas's annual accounts payable & accrued expense increased from May. 2021 (€511 Mil) to May. 2022 (€657 Mil) and increased from May. 2022 (€657 Mil) to May. 2023 (€718 Mil).

Cintas Accounts Payable & Accrued Expense Historical Data

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

Cintas Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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479.33

531.77

510.55

656.73

717.76

Cintas Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															833.61	717.76	924.47	876.96	970.38

Cintas 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.

Cintas (FRA:CIT) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CTAS:USA CTAS:Mexico CIT:Germany CTAS:Austria

Address

6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website

https://www.cintas.com

Cintas is positioned as a one-stop shop that rents/sells uniforms and ancillary products and services, such as mops, first aid kits, and fire inspections. In its core uniform and facility services unit (a majority of sales), Cintas provides uniform rental programs for items including office attire, custom-tailored apparel, flame-resistant clothing, lab coats, and other profession-specific clothing. Facilities products generally include the rental and sale of entrance mats, mops, shop towels, hand sanitizers, and restroom supplies. Cintas' remaining businesses include first aid and safety services, fire protection services, and uniform direct sales.