29Metals (ASX:29M) Accounts Payable & Accrued Expense : A$118.9 Mil (As of Dec. 2023)

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What is 29Metals Accounts Payable & Accrued Expense?

29Metals's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$150.8 Mil) to Jun. 2023 (A$100.6 Mil) but then increased from Jun. 2023 (A$100.6 Mil) to Dec. 2023 (A$118.9 Mil).

29Metals's annual accounts payable & accrued expense increased from Dec. 2021 (A$115.1 Mil) to Dec. 2022 (A$150.8 Mil) but then declined from Dec. 2022 (A$150.8 Mil) to Dec. 2023 (A$118.9 Mil).

29Metals Accounts Payable & Accrued Expense Historical Data

The historical data trend for 29Metals'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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29Metals Accounts Payable & Accrued Expense Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

78.23

115.08

150.77

118.86

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	115.08	120.14	150.77	100.60	118.86

29Metals 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.

29Metals (ASX:29M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver).

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