Lear (FRA:LE6N) Accounts Payable & Accrued Expense : €5,442 Mil (As of Mar. 2024)

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What is Lear Accounts Payable & Accrued Expense?

Lear's quarterly accounts payable & accrued expense declined from Sep. 2023 (€5,317 Mil) to Dec. 2023 (€4,560 Mil) but then increased from Dec. 2023 (€4,560 Mil) to Mar. 2024 (€5,442 Mil).

Lear's annual accounts payable & accrued expense increased from Dec. 2021 (€3,788 Mil) to Dec. 2022 (€4,367 Mil) and increased from Dec. 2022 (€4,367 Mil) to Dec. 2023 (€4,560 Mil).

Lear Accounts Payable & Accrued Expense Historical Data

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

Lear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,779.82

3,821.07

3,787.54

4,367.42

4,559.97

Lear Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															5,207.89	5,305.59	5,316.91	4,559.97	5,442.44

Lear 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.

Lear (FRA:LE6N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lear Corp (FRA:LE6N) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

LEA:USA

Address

21557 Telegraph Road, Southfield, MI, USA, 48033

Website

https://www.lear.com

Lear designs, develops, and manufactures automotive seating and electrical systems and components. Seating components include frames and mechanisms, covers (leather and woven fabric), seat heating and cooling, foam, and headrests. Automotive electrical distribution and connection systems and electronic systems include wiring harnesses, terminals and connectors, on-board battery chargers, high-voltage battery management systems, high-voltage power distribution systems, domain controllers, telematics control units, gateway modules, vehicle positioning for automated and autonomous driving, embedded control software, cloud and mobile device software and services, and cybersecurity. Lear's largest customer and regional market is GM and North America at 20% and 44% of 2022 revenue, respectively.

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