POSaBIT Systems (XCNQ:PBIT) Accounts Payable & Accrued Expense : C$4.39 Mil (As of Dec. 2023)

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What is POSaBIT Systems Accounts Payable & Accrued Expense?

POSaBIT Systems's quarterly accounts payable & accrued expense declined from Jun. 2023 (C$7.22 Mil) to Sep. 2023 (C$7.15 Mil) and declined from Sep. 2023 (C$7.15 Mil) to Dec. 2023 (C$4.39 Mil).

POSaBIT Systems's annual accounts payable & accrued expense declined from Dec. 2021 (C$7.52 Mil) to Dec. 2022 (C$3.71 Mil) but then increased from Dec. 2022 (C$3.71 Mil) to Dec. 2023 (C$4.39 Mil).

POSaBIT Systems Accounts Payable & Accrued Expense Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Accounts Payable & Accrued Expense Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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4.41

6.86

7.52

3.71

4.39

POSaBIT Systems Quarterly Data
	Jan19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															3.71	5.27	7.22	7.15	4.39

POSaBIT Systems 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.

POSaBIT Systems (XCNQ:PBIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (XCNQ:PBIT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

POSAF:USA

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.

Executives

Alex Sharp

10% Security Holder

POSaBIT Systems (XCNQ:PBIT) Headlines

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