Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Accounts Payable & Accrued Expense : $6.70 Mil (As of Nov. 2023)

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What is Artificial Intelligence Technology Solutions Accounts Payable & Accrued Expense?

Artificial Intelligence Technology Solutions's quarterly accounts payable & accrued expense increased from May. 2023 ($7.12 Mil) to Aug. 2023 ($8.11 Mil) but then declined from Aug. 2023 ($8.11 Mil) to Nov. 2023 ($6.70 Mil).

Artificial Intelligence Technology Solutions's annual accounts payable & accrued expense increased from Feb. 2021 ($1.61 Mil) to Feb. 2022 ($2.71 Mil) and increased from Feb. 2022 ($2.71 Mil) to Feb. 2023 ($5.09 Mil).

Artificial Intelligence Technology Solutions Accounts Payable & Accrued Expense Historical Data

The historical data trend for Artificial Intelligence Technology Solutions'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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Artificial Intelligence Technology Solutions Accounts Payable & Accrued Expense Chart

Artificial Intelligence Technology Solutions Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Accounts Payable & Accrued Expense

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2.89

3.93

1.61

2.71

5.09

Artificial Intelligence Technology Solutions Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.06	5.09	7.12	8.11	6.70

Artificial Intelligence Technology Solutions 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.

Artificial Intelligence Technology Solutions (Artificial Intelligence Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artificial Intelligence Technology Solutions Inc (OTCPK:AITX) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

10800 Galaxie Avenue, Ferndale, MI, USA, 48220

Website

https://aitx.ai

Artificial Intelligence Technology Solutions Inc through its wholly-owned subsidiary delivers robotics and artificial intelligence-based solutions for operational, security, and monitoring needs. It also creates its own software leading to the development of powerful tools such as RADSOC, RADPMC, and RADGuard.