Odfjell Drilling (Odfjell Drilling) Accounts Payable & Accrued Expense : $37.4 Mil (As of Mar. 2024)

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What is Odfjell Drilling Accounts Payable & Accrued Expense?

Odfjell Drilling's quarterly accounts payable & accrued expense increased from Sep. 2023 ($40.1 Mil) to Dec. 2023 ($80.1 Mil) but then declined from Dec. 2023 ($80.1 Mil) to Mar. 2024 ($37.4 Mil).

Odfjell Drilling's annual accounts payable & accrued expense declined from Dec. 2021 ($72.5 Mil) to Dec. 2022 ($60.0 Mil) but then increased from Dec. 2022 ($60.0 Mil) to Dec. 2023 ($80.1 Mil).

Odfjell Drilling Accounts Payable & Accrued Expense Historical Data

The historical data trend for Odfjell Drilling'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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Odfjell Drilling Accounts Payable & Accrued Expense Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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80.49

84.70

72.50

60.00

80.10

Odfjell Drilling 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															34.60	31.10	40.10	80.10	37.40

Odfjell Drilling 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.

Odfjell Drilling (Odfjell Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OTCPK:ODFJF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

ODLO:Sweden ODL:Norway 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.