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Commercial paper borrowings outstanding

This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement
SectionOther
CategoryLiquidity
SignalLower is better
VolatilityVolatile
First reportedQ4 2014
Last reportedQ3 2025Nov 3, 2025

How to read this metric

An increase suggests higher reliance on short-term credit markets for liquidity, while a decrease indicates improved cash flow or a shift to longer-term financing.

Detailed definition

This represents short-term, unsecured promissory notes issued by the company to meet immediate working capital needs. It...

Peer comparison

Midstream energy peers typically use commercial paper as a flexible liquidity backstop, with balances fluctuating based on seasonal working capital needs.

Metric ID: other_commercial_paper

Historical Data

14 periods
 Q4 '21Q2 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25
Value$0$1.04B$350M$0$0$0$725M$0$630M$0$455M$322M$0$170M
QoQ Change-66.3%-100.0%-100.0%-100.0%-29.2%-100.0%
YoY Change-100.0%+107.1%-37.2%-100.0%
Range$0$1.04B
Avg YoY Growth-32.5%
Median YoY Growth-68.6%

Frequently Asked Questions

What is Williams Companies's commercial paper borrowings outstanding?
Williams Companies (WMB) reported commercial paper borrowings outstanding of $170M in Q3 2025.
What does commercial paper borrowings outstanding mean?
Short-term debt used to fund daily operational cash requirements.