Glen Rose Petroleum (Glen Rose Petroleum) Accounts Payable & Accrued Expense : $1.05 Mil (As of Dec. 2011)

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What is Glen Rose Petroleum Accounts Payable & Accrued Expense?

Glen Rose Petroleum's quarterly accounts payable & accrued expense declined from Jun. 2011 ($1.06 Mil) to Sep. 2011 ($0.47 Mil) but then increased from Sep. 2011 ($0.47 Mil) to Dec. 2011 ($1.05 Mil).

Glen Rose Petroleum's annual accounts payable & accrued expense declined from Mar. 2009 ($2.92 Mil) to Mar. 2010 ($0.81 Mil) and declined from Mar. 2010 ($0.81 Mil) to Mar. 2011 ($0.69 Mil).

Glen Rose Petroleum Accounts Payable & Accrued Expense Historical Data

The historical data trend for Glen Rose Petroleum'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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Glen Rose Petroleum Accounts Payable & Accrued Expense Chart

Glen Rose Petroleum Annual Data

Trend

Mar02

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Mar11

Accounts Payable & Accrued Expense

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3.43

2.87

2.92

0.81

0.69

Glen Rose Petroleum Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.23	0.69	1.06	0.47	1.05

Glen Rose Petroleum 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.