Commercial paper borrowings outstanding
American Electric Power Commercial paper borrowings outstanding decreased by 36.2% to $1.83B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 6.4%, from $1.95B to $1.83B. Over 2 years (FY 2020 to FY 2022), Commercial paper borrowings outstanding shows an upward trend with a 24.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests a higher reliance on short-term financing, while a decrease indicates improved internal cash generation or debt repayment.
Detailed definition
Commercial paper represents short-term, unsecured promissory notes issued by the company to meet immediate working capit...
Peer comparison
Commonly used by large, creditworthy industrial firms to manage seasonal fluctuations in working capital.
other_commercial_paperHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $2.05B | $1.25B | $1.36B | $1.88B | $880.00M | $1.95B | $2.86B | $1.83B |
| QoQ Change | — | -38.8% | +8.8% | +37.9% | -53.2% | +121.9% | +46.6% | -36.2% |
| YoY Change | — | — | — | — | -57.1% | +55.7% | +109.8% | -6.4% |
Commercial paper borrowings outstanding at Other Companies
Frequently Asked Questions
- What is American Electric Power's commercial paper borrowings outstanding?
- American Electric Power (AEP) reported commercial paper borrowings outstanding of $1.83B in Q3 2023.
- How has American Electric Power's commercial paper borrowings outstanding changed year-over-year?
- American Electric Power's commercial paper borrowings outstanding decreased by 6.4% year-over-year, from $1.95B to $1.83B.
- What is the long-term trend for American Electric Power's commercial paper borrowings outstanding?
- Over 2 years (2020 to 2022), American Electric Power's commercial paper borrowings outstanding has grown at a 24.3% compound annual growth rate (CAGR), from $1.85B to $2.86B.
- What does commercial paper borrowings outstanding mean?
- Short-term debt used by the company to cover immediate cash needs.