Subsea 7 (OSL:SUBC) Accounts Payable & Accrued Expense : kr19,759 Mil (As of Mar. 2024)

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What is Subsea 7 Accounts Payable & Accrued Expense?

Subsea 7's quarterly accounts payable & accrued expense declined from Sep. 2023 (kr16,807 Mil) to Dec. 2023 (kr5,738 Mil) but then increased from Dec. 2023 (kr5,738 Mil) to Mar. 2024 (kr19,759 Mil).

Subsea 7's annual accounts payable & accrued expense increased from Dec. 2021 (kr3,424 Mil) to Dec. 2022 (kr4,612 Mil) and increased from Dec. 2022 (kr4,612 Mil) to Dec. 2023 (kr5,738 Mil).

Subsea 7 Accounts Payable & Accrued Expense Historical Data

The historical data trend for Subsea 7'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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Subsea 7 Accounts Payable & Accrued Expense Chart

Subsea 7 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2,602.52

3,437.56

3,424.49

4,612.03

5,737.82

Subsea 7 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															14,023.76	16,526.05	16,806.68	5,737.82	19,758.67

Subsea 7 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.

Subsea 7 (OSL:SUBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Subsea 7 SA (OSL:SUBC) » Definitions » Accounts Payable & Accrued Expense

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SUBCY:USA ACGYF:USA SUBCo:Sweden SUBCo:UK 0OGK:UK SOC:Germany

Address

40 Brighton Road, Surrey, Sutton, GBR, SM2 5BN

Website

https://www.subsea7.com

Subsea 7 is one of the largest engineering and construction, or E&C, service providers in the offshore oil and gas industry. It provides a range of services, including subsea umbilicals, risers, and flowlines (SURF), fabrication, installation, maintenance, and heavy lifting, among many others. It's recently begun to develop expertise in renewables, particularly offshore wind farms, which require equipment and expertise similar to offshore oil and gas developments.

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