Genie Energy (LTS:0IUS) Accounts Payable & Accrued Expense : $86.0 Mil (As of Mar. 2024)

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What is Genie Energy Accounts Payable & Accrued Expense?

Genie Energy's quarterly accounts payable & accrued expense declined from Sep. 2023 ($85.8 Mil) to Dec. 2023 ($79.0 Mil) but then increased from Dec. 2023 ($79.0 Mil) to Mar. 2024 ($86.0 Mil).

Genie Energy's annual accounts payable & accrued expense increased from Dec. 2021 ($62.6 Mil) to Dec. 2022 ($79.5 Mil) but then declined from Dec. 2022 ($79.5 Mil) to Dec. 2023 ($79.0 Mil).

Genie Energy Accounts Payable & Accrued Expense Historical Data

The historical data trend for Genie Energy'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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Genie Energy Accounts Payable & Accrued Expense Chart

Genie Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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52.48

64.09

62.59

79.46

79.02

Genie Energy 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															84.09	65.21	85.83	79.02	85.96

Genie Energy 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.

Genie Energy (LTS:0IUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Genie Energy Ltd (LTS:0IUS) » Definitions » Accounts Payable & Accrued Expense

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VIA SUME HE MGEE NEE SO DUK LSE:NG. PCG AEP EXC D XEL ED PEG BOM:532555 WEC EIX BOM:532898 FE

Traded in Other Exchanges

GNE:USA 6GE:Germany

Address

520 Broad Street, Newark, NJ, USA, 07102

Website

https://www.genie.com

Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.

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