ABSA Bank Kenya (NAI:ABSA) Accounts Payable & Accrued Expense : KES30,956 Mil (As of Mar. 2024)

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What is ABSA Bank Kenya Accounts Payable & Accrued Expense?

ABSA Bank Kenya's quarterly accounts payable & accrued expense declined from Sep. 2023 (KES42,183 Mil) to Dec. 2023 (KES26,492 Mil) but then increased from Dec. 2023 (KES26,492 Mil) to Mar. 2024 (KES30,956 Mil).

ABSA Bank Kenya's annual accounts payable & accrued expense declined from Dec. 2021 (KES78,604 Mil) to Dec. 2022 (KES69,135 Mil) and declined from Dec. 2022 (KES69,135 Mil) to Dec. 2023 (KES26,492 Mil).

ABSA Bank Kenya Accounts Payable & Accrued Expense Historical Data

The historical data trend for ABSA Bank Kenya'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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ABSA Bank Kenya Accounts Payable & Accrued Expense Chart

ABSA Bank Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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70,382.00

57,537.00

78,604.00

69,135.00

26,492.00

ABSA Bank Kenya 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															97,630.57	69,683.38	42,182.84	26,492.00	30,956.37

ABSA Bank Kenya 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.

ABSA Bank Kenya (NAI:ABSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ABSA Bank Kenya PLC (NAI:ABSA) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Waiyaki Way, P.O. Box 30120, Nairobi, KEN, 00100

Website

https://www.absabank.co.ke

ABSA Bank Kenya PLC is a diversified financial services company offering clients a range of retail, business, corporate and investment, and wealth management solutions. The company's operating segment includes Consumer banking and Corporate banking. It generates maximum revenue from the Consumer Banking segment. The Consumer Banking segment incorporates private customer current accounts, savings, deposits, credit and debit cards, consumer loans, and mortgages. Its Corporate Banking segment includes the business model that centers on delivering specialist investment banking, financing, risk management, and advisory solutions across asset classes to corporates, financial institutions, and government clients.

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