Heavy Rare Earths (ASX:HRE) Accounts Payable & Accrued Expense : A$0.21 Mil (As of Dec. 2023)

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What is Heavy Rare Earths Accounts Payable & Accrued Expense?

Heavy Rare Earths's quarterly accounts payable & accrued expense declined from Jun. 2022 (A$0.59 Mil) to Jun. 2023 (A$0.17 Mil) but then increased from Jun. 2023 (A$0.17 Mil) to Dec. 2023 (A$0.21 Mil).

Heavy Rare Earths's annual accounts payable & accrued expense stayed the same from . 20 (A$0.00 Mil) to . 20 (A$0.00 Mil) but then increased from . 20 (A$0.00 Mil) to Jun. 2023 (A$0.17 Mil).

Heavy Rare Earths Accounts Payable & Accrued Expense Historical Data

The historical data trend for Heavy Rare Earths'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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Heavy Rare Earths Accounts Payable & Accrued Expense Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Accounts Payable & Accrued Expense

0.17

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Accounts Payable & Accrued Expense	0.59	0.17	0.21

Heavy Rare Earths 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.

Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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