Iris Energy (Iris Energy) Accounts Payable & Accrued Expense : $36.2 Mil (As of Mar. 2024)

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What is Iris Energy Accounts Payable & Accrued Expense?

Iris Energy's quarterly accounts payable & accrued expense increased from Jun. 2023 ($16.7 Mil) to Dec. 2023 ($28.6 Mil) and increased from Dec. 2023 ($28.6 Mil) to Mar. 2024 ($36.2 Mil).

Iris Energy's annual accounts payable & accrued expense increased from Jun. 2021 ($1.7 Mil) to Jun. 2022 ($20.0 Mil) but then declined from Jun. 2022 ($20.0 Mil) to Jun. 2023 ($16.7 Mil).

Iris Energy Accounts Payable & Accrued Expense Historical Data

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

Iris Energy Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

0.75

1.65

20.02

16.68

Iris Energy Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial									20.50	-	16.68	28.57	36.24

Iris 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.

Iris Energy (Iris Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Iris Energy Ltd (NAS:IREN) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.