Nexteer Automotive Group (Nexteer Automotive Group) Accounts Payable & Accrued Expense : $1,009 Mil (As of Dec. 2023)

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What is Nexteer Automotive Group Accounts Payable & Accrued Expense?

Nexteer Automotive Group's quarterly accounts payable & accrued expense increased from Dec. 2022 ($963 Mil) to Jun. 2023 ($981 Mil) and increased from Jun. 2023 ($981 Mil) to Dec. 2023 ($1,009 Mil).

Nexteer Automotive Group's annual accounts payable & accrued expense increased from Dec. 2021 ($801 Mil) to Dec. 2022 ($963 Mil) and increased from Dec. 2022 ($963 Mil) to Dec. 2023 ($1,009 Mil).

Nexteer Automotive Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Nexteer Automotive Group'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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Nexteer Automotive Group Accounts Payable & Accrued Expense Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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739.95

801.65

800.64

962.85

1,009.44

Nexteer Automotive Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															800.64	846.69	962.85	980.55	1,009.44

Nexteer Automotive Group 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.

Nexteer Automotive Group (Nexteer Automotive Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (OTCPK:NTXVF) » Definitions » Accounts Payable & Accrued Expense

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01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.