Localiza Rent A Car (Localiza Rent A Car) Accounts Payable & Accrued Expense : $1,354 Mil (As of Mar. 2024)

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What is Localiza Rent A Car Accounts Payable & Accrued Expense?

Localiza Rent A Car's quarterly accounts payable & accrued expense increased from Sep. 2023 ($1,376 Mil) to Dec. 2023 ($1,932 Mil) but then declined from Dec. 2023 ($1,932 Mil) to Mar. 2024 ($1,354 Mil).

Localiza Rent A Car's annual accounts payable & accrued expense increased from Dec. 2021 ($423 Mil) to Dec. 2022 ($1,255 Mil) and increased from Dec. 2022 ($1,255 Mil) to Dec. 2023 ($1,932 Mil).

Localiza Rent A Car Accounts Payable & Accrued Expense Historical Data

The historical data trend for Localiza Rent A Car'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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Localiza Rent A Car Accounts Payable & Accrued Expense Chart

Localiza Rent A Car Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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657.20

368.91

422.70

1,254.81

1,932.30

Localiza Rent A Car 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															879.81	1,023.06	1,376.31	1,932.30	1,354.49

Localiza Rent A Car 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.

Localiza Rent A Car (Localiza Rent A Car) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Localiza Rent A Car SA (OTCPK:LZRFY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

RENT3:Brazil

Address

Avenida Bernardo Vasconcelo, No 377 - Cachoeirinha, Belo Horizonte, MG, BRA, 31150-900

Website

https://www.localiza.com

Localiza Rent A Car SA is a car rental service provider with the majority of its operations in Brazil. Through its subsidiaries, the company rents cars to individuals, manages corporate car fleets, sells its fleet to the general public, and offers a franchise model. Franchisees account for roughly half of Localize's car rental locations, while the majority of cars accessible with Localize are owned by the company. The fleet rental division has long-term agreements with companies that come up for renewal roughly every two to three years. The car rental segment delivers three-quarters of yearly revenue, and fleet rental makes up the rest, with an insignificant share contributed by the franchise management division.

Localiza Rent A Car (Localiza Rent A Car) Headlines

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