IGM Financial (TSX:IGM) Accounts Payable & Accrued Expense : C$464 Mil (As of Sep. 2024)

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What is IGM Financial Accounts Payable & Accrued Expense?

IGM Financial's quarterly accounts payable & accrued expense increased from Mar. 2024 (C$374 Mil) to Jun. 2024 (C$439 Mil) and increased from Jun. 2024 (C$439 Mil) to Sep. 2024 (C$464 Mil).

IGM Financial's annual accounts payable & accrued expense declined from Dec. 2021 (C$819 Mil) to Dec. 2022 (C$683 Mil) and declined from Dec. 2022 (C$683 Mil) to Dec. 2023 (C$628 Mil).

IGM Financial Accounts Payable & Accrued Expense Historical Data

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

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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603.99

655.27

819.13

682.64

628.42

IGM Financial Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															446.80	628.42	374.47	439.22	464.13

IGM Financial 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.

IGM Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (TSX:IGM) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

IGIFF:USA C7G:Germany

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which holds a 62% equity stake in IGM Financial as well as stakes in Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its IG Wealth Management subsidiary)—that provide investment management products and services. At the end of October 2024, IGM Financial had CAD 249.1 billion in AUM (including CAD 83.1 billion in AUM that was being managed for its IG Wealth Management arm) at Mackenzie Investments, CAD 120.9 billion in assets under advisement at its IG Wealth Management subsidiary, and CAD 15.6 billion in other AUA.

Executives

James Patrick O'sullivan	Director, Senior Officer
Mark Richard Kinzel	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Heather Conway	Director