McGrath RentCorp (FRA:MG8) Accounts Payable & Accrued Expense : €140.7 Mil (As of Mar. 2024)

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What is McGrath RentCorp Accounts Payable & Accrued Expense?

McGrath RentCorp's quarterly accounts payable & accrued expense declined from Sep. 2023 (€209.0 Mil) to Dec. 2023 (€153.6 Mil) and declined from Dec. 2023 (€153.6 Mil) to Mar. 2024 (€140.7 Mil).

McGrath RentCorp's annual accounts payable & accrued expense increased from Dec. 2021 (€120.6 Mil) to Dec. 2022 (€142.7 Mil) and increased from Dec. 2022 (€142.7 Mil) to Dec. 2023 (€153.6 Mil).

McGrath RentCorp Accounts Payable & Accrued Expense Historical Data

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

McGrath RentCorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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98.26

89.05

120.64

142.74

153.62

McGrath RentCorp 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															204.79	202.70	208.96	153.62	140.66

McGrath RentCorp 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.

McGrath RentCorp (FRA:MG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (FRA:MG8) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

MGRC:USA

Address

5700 Las Positas Road, Livermore, CA, USA, 94551-7800

Website

https://www.mgrc.com

McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.

McGrath RentCorp (FRA:MG8) Headlines

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