MGE Energy (FRA:MG1) Accounts Payable & Accrued Expense : €56.7 Mil (As of Mar. 2024)

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What is MGE Energy Accounts Payable & Accrued Expense?

MGE Energy's quarterly accounts payable & accrued expense increased from Sep. 2023 (€69.4 Mil) to Dec. 2023 (€83.2 Mil) but then declined from Dec. 2023 (€83.2 Mil) to Mar. 2024 (€56.7 Mil).

MGE Energy's annual accounts payable & accrued expense declined from Dec. 2021 (€77.4 Mil) to Dec. 2022 (€75.8 Mil) but then increased from Dec. 2022 (€75.8 Mil) to Dec. 2023 (€83.2 Mil).

MGE Energy Accounts Payable & Accrued Expense Historical Data

The historical data trend for MGE Energy'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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MGE Energy Accounts Payable & Accrued Expense Chart

MGE Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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67.64

62.32

77.42

75.77

83.18

MGE Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															51.45	53.22	69.45	83.18	56.69

MGE Energy 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.

MGE Energy (FRA:MG1) Business Description

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Traded in Other Exchanges

MGEE:USA

Address

133 South Blair Street, Madison, WI, USA, 53788

Website

https://www.mgeenergy.com

MGE Energy Inc is a U.S. public utilities holding company based in Wisconsin. The firm generates, purchases, and distributes electricity and natural gas, and also provides transmission services, the company generates electricity from coal and purchased power, but also from natural gas, fuel oil, and renewable sources. MGE operates through five segments, which include Regulated electric utility operations, Regulated gas utility operations, Non-regulated energy operations, Transmission investments, and All other segment which includes investing in companies and property and financing the regulated operations. The majority of electric retail revenue is derived from commercial consumers whereas the majority of natural gas revenue is derived from residential consumers.

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