New Found Gold (TSXV:NFG) Accounts Payable & Accrued Expense : C$4.07 Mil (As of Mar. 2024)

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What is New Found Gold Accounts Payable & Accrued Expense?

New Found Gold's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$8.51 Mil) to Dec. 2023 (C$5.21 Mil) and declined from Dec. 2023 (C$5.21 Mil) to Mar. 2024 (C$4.07 Mil).

New Found Gold's annual accounts payable & accrued expense increased from Dec. 2021 (C$2.57 Mil) to Dec. 2022 (C$5.59 Mil) but then declined from Dec. 2022 (C$5.59 Mil) to Dec. 2023 (C$5.21 Mil).

New Found Gold Accounts Payable & Accrued Expense Historical Data

The historical data trend for New Found Gold'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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New Found Gold Accounts Payable & Accrued Expense Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.39

0.40

2.57

5.59

5.21

New Found Gold 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															5.89	5.52	8.51	5.21	4.07

New Found Gold 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.

New Found Gold (TSXV:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (TSXV:NFG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

NFGC:USA 5QG:Germany

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).

Executives