Source Rock Royalties (TSXV:SRR) Accounts Payable & Accrued Expense : C$0.40 Mil (As of Dec. 2023)

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What is Source Rock Royalties Accounts Payable & Accrued Expense?

Source Rock Royalties's quarterly accounts payable & accrued expense increased from Jun. 2023 (C$0.28 Mil) to Sep. 2023 (C$0.46 Mil) but then declined from Sep. 2023 (C$0.46 Mil) to Dec. 2023 (C$0.40 Mil).

Source Rock Royalties's annual accounts payable & accrued expense increased from Dec. 2021 (C$0.65 Mil) to Dec. 2022 (C$1.38 Mil) but then declined from Dec. 2022 (C$1.38 Mil) to Dec. 2023 (C$0.40 Mil).

Source Rock Royalties Accounts Payable & Accrued Expense Historical Data

The historical data trend for Source Rock Royalties'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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Source Rock Royalties Accounts Payable & Accrued Expense Chart

Source Rock Royalties Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.17

0.65

1.38

0.40

Source Rock Royalties Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial								1.38	0.90	0.28	0.46	0.40

Source Rock Royalties 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.

Source Rock Royalties (TSXV:SRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Source Rock Royalties Ltd (TSXV:SRR) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

SRRRF:USA

Address

421 - 7th Avenue S.W, 30th Floor, Calgary, AB, CAN, T2P 4K9

Website

https://www.sourcerockroyalties.com

Source Rock Royalties Ltd is a pure-play oil and gas royalty company with an existing, light oil-focused portfolio of royalty interests concentrated in southeast Saskatchewan, east-central Alberta, west-central Alberta, and west-central Saskatchewan.

Executives

Bradley Robert Docherty	Director, Senior Officer
Shaun Ashton Thiessen	Director

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