Kinross Gold (Kinross Gold) Accounts Payable & Accrued Expense : $624 Mil (As of Dec. 2023)

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What is Kinross Gold Accounts Payable & Accrued Expense?

Kinross Gold's quarterly accounts payable & accrued expense declined from Jun. 2023 ($528 Mil) to Sep. 2023 ($510 Mil) but then increased from Sep. 2023 ($510 Mil) to Dec. 2023 ($624 Mil).

Kinross Gold's annual accounts payable & accrued expense increased from Dec. 2021 ($588 Mil) to Dec. 2022 ($639 Mil) but then declined from Dec. 2022 ($639 Mil) to Dec. 2023 ($624 Mil).

Kinross Gold Accounts Payable & Accrued Expense Historical Data

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

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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537.30

593.70

587.70

639.40

624.40

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															639.40	523.90	527.80	509.60	624.40

Kinross Gold 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.

Kinross Gold (Kinross Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kinross Gold Corp (NYSE:KGC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.