REC (BOM:532955) Accounts Payable & Accrued Expense : ₹258,104 Mil (As of Mar. 2024)

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What is REC Accounts Payable & Accrued Expense?

REC's quarterly accounts payable & accrued expense increased from Sep. 2023 (₹2,055 Mil) to Dec. 2023 (₹247,617 Mil) and increased from Dec. 2023 (₹247,617 Mil) to Mar. 2024 (₹258,104 Mil).

REC's annual accounts payable & accrued expense declined from Mar. 2022 (₹243,997 Mil) to Mar. 2023 (₹523 Mil) but then increased from Mar. 2023 (₹523 Mil) to Mar. 2024 (₹258,104 Mil).

REC Accounts Payable & Accrued Expense Historical Data

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

REC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Accounts Payable & Accrued Expense

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218,683.40

244,232.90

243,996.60

523.30

258,103.70

REC 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															523.30	-	2,054.90	247,616.60	258,103.70

REC 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.

REC (BOM:532955) Business Description

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RECLTD:India

Address

Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001

Website

https://www.recindia.nic.in

REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. The majority of its revenue derives from long-term financing.

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