Cash and Cash Equivalents total.
The amount of cash and cash equivalents a company holds is crucial and is a significant component of a corporation's overall operating strategy. It is an important criterion to evaluate the liquidity and the short term solvency of a business venture. Liquidity and short-term solvency mean the ability of the company to pay its short-term liabilities. Inability to pay off short-term liabilities affects its credibility and credit rating. The amount of cash and cash equivalents also shows the ability of the organization to grow and seize any investment opportunity to expand. With that said, Walgreens maintain a healthy cash balance and at the end of the most recent annual reporting period had $2,106 million. .
Accounts Payable.
Accounts payable are debts that must be paid off within a given period in order to avoid defaulting on an obligation. Knowing the accounts payable helps a company to understand some of their expenses. This is important because if the accounts payable are higher than the money coming in, that could be a problem for the business. Comparing to previous years accounts payable can show many different problems or benefits for the company. Looking at the balance sheet from Walgreens their accounts payable for the most recent period was $4,635 million and for the previous period was $4,384 million. .
Net Revenue.
The net revenue normally refers to a company total net expenses from total general revenue. However, at times the user refers net revenue as net profit, which is sales net of all expenses. Net Revenue helps account for certain price reductions, adjustments and refunds. This is necessary to get the general measure of the real top line rather than the bottom line. Walgreens net income for the last three annual reporting periods was for the most recent $2,450 million, then $2,127 million, and lastly $2,714 million. The change in the net income for the most current reporting period and the previous reporting period was $323 million.
