The Middleby (LTS:0K1G) Accounts Payable & Accrued Expense : $660 Mil (As of Mar. 2024)

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What is The Middleby Accounts Payable & Accrued Expense?

The Middleby's quarterly accounts payable & accrued expense increased from Sep. 2023 ($652 Mil) to Dec. 2023 ($661 Mil) but then declined from Dec. 2023 ($661 Mil) to Mar. 2024 ($660 Mil).

The Middleby's annual accounts payable & accrued expense increased from Dec. 2021 ($732 Mil) to Dec. 2022 ($732 Mil) but then declined from Dec. 2022 ($732 Mil) to Dec. 2023 ($661 Mil).

The Middleby Accounts Payable & Accrued Expense Historical Data

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

The Middleby Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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493.91

524.56

731.53

731.63

661.17

The Middleby 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															742.99	649.18	651.90	661.17	659.59

The Middleby 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.

The Middleby (LTS:0K1G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Middleby Corp (LTS:0K1G) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

MIDD:USA MBY:Germany

Address

1400 Toastmaster Drive, Elgin, IL, USA, 60120

Website

https://www.middleby.com

The Middleby Corp is engaged in designing, manufacturing, marketing, distribution and service of a broad line of foodservice equipment used in all types of commercial restaurants and institutional kitchens, food preparation, cooking, baking, chilling and packaging equipment for food processing operations, and premium kitchen equipment including ranges, ovens, refrigerators, ventilation, dishwashers and outdoor cooking equipment primarily used in the residential market. The company conducts its business through three principal business segments namely the Commercial Foodservice Equipment Group, the Food Processing Equipment Group and the Residential Kitchen Equipment Group. The firm derives majority revenue from Commercial Foodservice Equipment Group segment.

The Middleby (LTS:0K1G) Headlines

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