Grupul Industrial Electrocontact (BSE:ECT) Accounts Payable & Accrued Expense : lei0.22 Mil (As of Jun. 2023)

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What is Grupul Industrial Electrocontact Accounts Payable & Accrued Expense?

Grupul Industrial Electrocontact's quarterly accounts payable & accrued expense declined from Jun. 2022 (lei0.32 Mil) to Dec. 2022 (lei0.25 Mil) and declined from Dec. 2022 (lei0.25 Mil) to Jun. 2023 (lei0.22 Mil).

Grupul Industrial Electrocontact's annual accounts payable & accrued expense declined from Dec. 2020 (lei0.33 Mil) to Dec. 2021 (lei0.21 Mil) but then increased from Dec. 2021 (lei0.21 Mil) to Dec. 2022 (lei0.25 Mil).

Grupul Industrial Electrocontact Accounts Payable & Accrued Expense Historical Data

The historical data trend for Grupul Industrial Electrocontact'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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Grupul Industrial Electrocontact Accounts Payable & Accrued Expense Chart

Grupul Industrial Electrocontact Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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1.39

0.57

0.33

0.21

0.25

Grupul Industrial Electrocontact Semi-Annual Data
	Dec11	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Jun18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.33	0.21	0.32	0.25	0.22

Grupul Industrial Electrocontact 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.

Grupul Industrial Electrocontact (BSE:ECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Grupul Industrial Electrocontact SA (BSE:ECT) » Definitions » Accounts Payable & Accrued Expense

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Address

Calea Nationala nr. 6, Botosani, ROU, 710010

Website

http://www.electrocontact.ro

Grupul Industrial Electrocontact S.A. provides solutions for equipment related to control and distribution for home and industrial use. Some of its products are electric explosion-proof equipment, proximity inductive & optoelectronic switches & junction.

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