Major Drilling Group International (Major Drilling Group International) Accounts Payable & Accrued Expense : $74.5 Mil (As of Oct. 2023)

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What is Major Drilling Group International Accounts Payable & Accrued Expense?

Major Drilling Group International's quarterly accounts payable & accrued expense declined from Apr. 2023 ($78.5 Mil) to Jul. 2023 ($71.0 Mil) but then increased from Jul. 2023 ($71.0 Mil) to Oct. 2023 ($74.5 Mil).

Major Drilling Group International's annual accounts payable & accrued expense increased from Apr. 2021 ($59.8 Mil) to Apr. 2022 ($85.2 Mil) but then declined from Apr. 2022 ($85.2 Mil) to Apr. 2023 ($78.5 Mil).

Major Drilling Group International Accounts Payable & Accrued Expense Historical Data

The historical data trend for Major Drilling Group International'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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Major Drilling Group International Accounts Payable & Accrued Expense Chart

Major Drilling Group International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Payable & Accrued Expense

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48.28

40.42

59.81

85.22

78.48

Major Drilling Group International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															68.27	78.48	71.02	74.47	-

Major Drilling Group International 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.

Major Drilling Group International (Major Drilling Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Major Drilling Group International Inc (OTCPK:MJDLF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

3MJ:Germany MDI:Canada

Address

111 St. George Street, Suite 100, Moncton, NB, CAN, E1C 1T7

Website

https://www.majordrilling.com

Major Drilling Group International Inc is engaged in the business of contract drilling, and it provides services to companies that are involved in mining and mineral exploration. It offers surface and underground coring, directional, reverse circulation, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, and underground percussive/long-hole drilling services, as well as various drilling-related mine services. Its geographical segments are Canada - the United States; South and Central America; and Australasia and Africa, of which most of its revenue comes from Canada - the United States.

Major Drilling Group International (Major Drilling Group International) Headlines

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