Envoy Medical (Envoy Medical) Accounts Payable & Accrued Expense : $6.53 Mil (As of Mar. 2024)

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What is Envoy Medical Accounts Payable & Accrued Expense?

Envoy Medical's quarterly accounts payable & accrued expense declined from Sep. 2023 ($11.43 Mil) to Dec. 2023 ($6.17 Mil) but then increased from Dec. 2023 ($6.17 Mil) to Mar. 2024 ($6.53 Mil).

Envoy Medical's annual accounts payable & accrued expense increased from Dec. 2021 ($0.99 Mil) to Dec. 2022 ($1.61 Mil) and increased from Dec. 2022 ($1.61 Mil) to Dec. 2023 ($6.17 Mil).

Envoy Medical Accounts Payable & Accrued Expense Historical Data

The historical data trend for Envoy Medical'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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Envoy Medical Accounts Payable & Accrued Expense Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.99

1.61

6.17

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				-	3.11	11.43	6.17	6.53

Envoy Medical 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.

Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.