Thermal Energy International (TSXV:TMG) Accounts Payable & Accrued Expense : C$3.20 Mil (As of Feb. 2024)

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What is Thermal Energy International Accounts Payable & Accrued Expense?

Thermal Energy International's quarterly accounts payable & accrued expense increased from Aug. 2023 (C$2.39 Mil) to Nov. 2023 (C$3.82 Mil) but then declined from Nov. 2023 (C$3.82 Mil) to Feb. 2024 (C$3.20 Mil).

Thermal Energy International's annual accounts payable & accrued expense increased from May. 2021 (C$1.69 Mil) to May. 2022 (C$1.74 Mil) and increased from May. 2022 (C$1.74 Mil) to May. 2023 (C$4.25 Mil).

Thermal Energy International Accounts Payable & Accrued Expense Historical Data

The historical data trend for Thermal Energy International'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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Thermal Energy International Accounts Payable & Accrued Expense Chart

Thermal Energy International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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2.55

3.19

1.69

1.74

4.25

Thermal Energy International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.31	4.25	2.39	3.82	3.20

Thermal Energy International 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.

Thermal Energy International (TSXV:TMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Thermal Energy International Inc (TSXV:TMG) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

TMGEF:USA EUW:Germany

Address

36 Antares Drive, Suite 850, Ottawa, ON, CAN, K2E 7W5

Website

https://www.thermalenergy.com

Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.

Executives

William Crossland

Director, Senior Officer

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