Groove Botanicals (Groove Botanicals) Accounts Payable & Accrued Expense : $0.54 Mil (As of Sep. 2023)

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What is Groove Botanicals Accounts Payable & Accrued Expense?

Groove Botanicals's quarterly accounts payable & accrued expense declined from Sep. 2017 ($1.02 Mil) to Sep. 2022 ($0.00 Mil) but then increased from Sep. 2022 ($0.00 Mil) to Sep. 2023 ($0.54 Mil).

Groove Botanicals's annual accounts payable & accrued expense declined from Mar. 2015 ($0.69 Mil) to Mar. 2016 ($0.62 Mil) but then increased from Mar. 2016 ($0.62 Mil) to Mar. 2017 ($0.87 Mil).

Groove Botanicals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Groove Botanicals'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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Groove Botanicals Accounts Payable & Accrued Expense Chart

Groove Botanicals Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Accounts Payable & Accrued Expense

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0.68

0.66

0.69

0.62

0.87

Groove Botanicals Semi-Annual Data
	Mar09	Sep09	Mar10	Sep10	Mar11	Sep11	Mar12	Sep12	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Sep22	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.77	0.87	1.02	-	0.54

Groove Botanicals 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.