Park Hotels & Resorts (FRA:HIP) Accounts Payable & Accrued Expense : €677 Mil (As of Dec. 2023)

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What is Park Hotels & Resorts Accounts Payable & Accrued Expense?

Park Hotels & Resorts's quarterly accounts payable & accrued expense increased from Jun. 2023 (€378 Mil) to Sep. 2023 (€402 Mil) and increased from Sep. 2023 (€402 Mil) to Dec. 2023 (€677 Mil).

Park Hotels & Resorts's annual accounts payable & accrued expense increased from Dec. 2021 (€236 Mil) to Dec. 2022 (€394 Mil) and increased from Dec. 2022 (€394 Mil) to Dec. 2023 (€677 Mil).

Park Hotels & Resorts Accounts Payable & Accrued Expense Historical Data

The historical data trend for Park Hotels & Resorts'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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Park Hotels & Resorts Accounts Payable & Accrued Expense Chart

Park Hotels & Resorts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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338.40

193.17

236.30

393.65

676.75

Park Hotels & Resorts Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															393.65	337.17	378.43	401.97	676.75

Park Hotels & Resorts 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.

Park Hotels & Resorts (FRA:HIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Park Hotels & Resorts Inc (FRA:HIP) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

PK:USA HIP:Germany

Address

1775 Tysons Boulevard, 7th Floor, Tysons, VA, USA, 22102

Website

https://www.pkhotelsandresorts.com

Park Hotels & Resorts owns upper-upscale and luxury hotels with 26,373 rooms across 41 hotels in the United States. Park also has interests through joint ventures in another 2,656 rooms in four U.S. hotels. Park was spun out of narrow-moat Hilton Worldwide Holdings at the start of 2017, so most of the company's hotels are still under Hilton brands. The company has sold all its international hotels and many of its lower-quality U.S. hotels to focus on high-quality assets in domestic gateway markets.

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