Inrad Optics (Inrad Optics) Accounts Payable & Accrued Expense : $0.76 Mil (As of Mar. 2024)

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What is Inrad Optics Accounts Payable & Accrued Expense?

Inrad Optics's quarterly accounts payable & accrued expense declined from Sep. 2023 ($1.00 Mil) to Dec. 2023 ($0.83 Mil) and declined from Dec. 2023 ($0.83 Mil) to Mar. 2024 ($0.76 Mil).

Inrad Optics's annual accounts payable & accrued expense increased from Dec. 2021 ($0.56 Mil) to Dec. 2022 ($0.74 Mil) and increased from Dec. 2022 ($0.74 Mil) to Dec. 2023 ($0.83 Mil).

Inrad Optics Accounts Payable & Accrued Expense Historical Data

The historical data trend for Inrad Optics'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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Inrad Optics Accounts Payable & Accrued Expense Chart

Inrad Optics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.98

0.72

0.56

0.74

0.83

Inrad Optics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.75	0.68	1.00	0.83	0.76

Inrad Optics 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.

Inrad Optics (Inrad Optics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Inrad Optics Inc (OTCPK:INRD) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Legrand Avenue, Northvale, NJ, USA, 07647

Website

https://www.inradoptics.com

Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.

Executives

Dennis G Romano	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Norman E. Strandlund	director	181 LEGRAND AVENUE, NORTHVALE NJ 07647
Amy Eskilson	officer: CEO	RIVERCREST CO-OP, 103 GEDNEY ST., APT 1H, NYACK NY 10960
George F Murray	officer: VP SALES & MARKETING	INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Thomas Caughey	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Theresa A Balog	officer: Chief Financial Officer	C/O INRAD OPTICS, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Jan M Winston	director	141 LANSDOWNE, WESTPORT CT 06880
John M Duich	officer: VP Operations Sarasota	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Joseph J Rutherford	director, officer: President/CEO	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Miroslav Dosoudil	officer: VP Operations	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
John R Ryan	officer: VP Sales & Marketing	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Lavalle Luke P Jr	director	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William Brucker	officer: VP, Human Resources	C/O PHOTONIC PRODUCTS GROUP, INC., 181 LEGRAND AVENUE, NORTHVALE NJ 07647
William J Foote	officer: CHIEF FINANCIAL OFFICER	C/O PPGI, 181 LEGRAND AVENUE, NORTHVALE NJ 07647
Daniel Lehrfeld	officer: President & CEO	34 GREENWOOD DRIVE, NEW CITY NY 10956

Inrad Optics (Inrad Optics) Headlines

From GuruFocus

INVESTIGATION: The M&A Class Action Firm Announces an Investigation of Inrad Optics, Inc. - INRD

By PRNewswire • 04-10-2024