Lithium Americas (TSX:LAC) Accounts Payable & Accrued Expense : C$28.15 Mil (As of Mar. 2024)

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What is Lithium Americas Accounts Payable & Accrued Expense?

Lithium Americas's quarterly accounts payable & accrued expense increased from Sep. 2023 (C$23.21 Mil) to Dec. 2023 (C$31.34 Mil) but then declined from Dec. 2023 (C$31.34 Mil) to Mar. 2024 (C$28.15 Mil).

Lithium Americas's annual accounts payable & accrued expense increased from Dec. 2021 (C$5.39 Mil) to Dec. 2022 (C$13.47 Mil) and increased from Dec. 2022 (C$13.47 Mil) to Dec. 2023 (C$31.34 Mil).

Lithium Americas Accounts Payable & Accrued Expense Historical Data

The historical data trend for Lithium Americas'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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Lithium Americas Accounts Payable & Accrued Expense Chart

Lithium Americas Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

5.39

13.47

31.34

Lithium Americas Quarterly Data
	Dec20	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial					34.07	-	23.21	31.34	28.15

Lithium Americas 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.

Lithium Americas (TSX:LAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lithium Americas Corp (TSX:LAC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

LAC:USA WUC:Germany WUC:Germany

Address

900 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6C 1E5

Website

https://www.lithiumamericas.com

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.