HK Electric Investments and HK Electric Investments (HKSE:02638) Accounts Payable & Accrued Expense : HK$4,270 Mil (As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments Accounts Payable & Accrued Expense?

HK Electric Investments and HK Electric Investments's quarterly accounts payable & accrued expense declined from Dec. 2022 (HK$4,867 Mil) to Jun. 2023 (HK$4,066 Mil) but then increased from Jun. 2023 (HK$4,066 Mil) to Dec. 2023 (HK$4,270 Mil).

HK Electric Investments and HK Electric Investments's annual accounts payable & accrued expense increased from Dec. 2021 (HK$4,476 Mil) to Dec. 2022 (HK$4,867 Mil) but then declined from Dec. 2022 (HK$4,867 Mil) to Dec. 2023 (HK$4,270 Mil).

HK Electric Investments and HK Electric Investments Accounts Payable & Accrued Expense Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Accounts Payable & Accrued Expense Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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3,498.00

3,335.00

4,476.00

4,867.00

4,270.00

HK Electric Investments and HK Electric Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															4,476.00	4,398.00	4,867.00	4,066.00	4,270.00

HK Electric Investments and HK Electric Investments 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.

HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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