X1 Entertainment Group (XCNQ:XONE) Accounts Payable & Accrued Expense : C$0.29 Mil (As of Feb. 2024)

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What is X1 Entertainment Group Accounts Payable & Accrued Expense?

X1 Entertainment Group's quarterly accounts payable & accrued expense declined from Aug. 2023 (C$0.41 Mil) to Nov. 2023 (C$0.38 Mil) and declined from Nov. 2023 (C$0.38 Mil) to Feb. 2024 (C$0.29 Mil).

X1 Entertainment Group's annual accounts payable & accrued expense increased from . 20 (C$0.00 Mil) to Aug. 2022 (C$0.48 Mil) but then declined from Aug. 2022 (C$0.48 Mil) to Aug. 2023 (C$0.41 Mil).

X1 Entertainment Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for X1 Entertainment Group'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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X1 Entertainment Group Accounts Payable & Accrued Expense Chart

X1 Entertainment Group Annual Data

Trend

Aug22

Aug23

Accounts Payable & Accrued Expense

0.48

0.41

X1 Entertainment Group Quarterly Data
	May21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial						0.37	0.29	0.41	0.38	0.29

X1 Entertainment Group 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.

X1 Entertainment Group (XCNQ:XONE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » X1 Entertainment Group Inc (XCNQ:XONE) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

QN9:Germany

Address

615-800 West Pender Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.x1ent.com

X1 Entertainment Group Inc is an esports portfolio company that owns and operates an esports franchise, RixGG. The business of the company is the competitive playing of video games by teams for cash prizes, and operations ancillary to such competition, such as merchandising and the hosting of tournaments. It engages in the acquisition and development of esports teams and digital content creation which is considered one business segment.