Al Eid Food Co (KUW:ALEID) Accounts Payable & Accrued Expense : KWD0.58 Mil (As of Mar. 2024)

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What is Al Eid Food Co Accounts Payable & Accrued Expense?

Al Eid Food Co's quarterly accounts payable & accrued expense increased from Sep. 2023 (KWD0.50 Mil) to Dec. 2023 (KWD0.57 Mil) and increased from Dec. 2023 (KWD0.57 Mil) to Mar. 2024 (KWD0.58 Mil).

Al Eid Food Co's annual accounts payable & accrued expense declined from Dec. 2021 (KWD0.52 Mil) to Dec. 2022 (KWD0.47 Mil) but then increased from Dec. 2022 (KWD0.47 Mil) to Dec. 2023 (KWD0.57 Mil).

Al Eid Food Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Al Eid Food Co'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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Al Eid Food Co Accounts Payable & Accrued Expense Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.40

0.48

0.52

0.47

0.57

Al Eid Food Co 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															0.60	0.50	0.50	0.57	0.58

Al Eid Food Co 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.

Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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