UK Oil & Gas (LSE:UKOG) Accounts Payable & Accrued Expense : £0.45 Mil (As of Sep. 2023)

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What is UK Oil & Gas Accounts Payable & Accrued Expense?

UK Oil & Gas's quarterly accounts payable & accrued expense declined from Sep. 2022 (£0.63 Mil) to Mar. 2023 (£0.34 Mil) but then increased from Mar. 2023 (£0.34 Mil) to Sep. 2023 (£0.45 Mil).

UK Oil & Gas's annual accounts payable & accrued expense declined from Sep. 2021 (£0.79 Mil) to Sep. 2022 (£0.63 Mil) and declined from Sep. 2022 (£0.63 Mil) to Sep. 2023 (£0.45 Mil).

UK Oil & Gas Accounts Payable & Accrued Expense Historical Data

The historical data trend for UK Oil & Gas'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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UK Oil & Gas Accounts Payable & Accrued Expense Chart

UK Oil & Gas Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Payable & Accrued Expense

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4.70

1.85

0.79

0.63

0.45

UK Oil & Gas Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.79	0.82	0.63	0.34	0.45

UK Oil & Gas 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.

UK Oil & Gas (LSE:UKOG) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » UK Oil & Gas PLC (LSE:UKOG) » Definitions » Accounts Payable & Accrued Expense

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0UK:Germany

Address

20 Primrose Street, 8th Floor, The Broadgate Tower, London, GBR, EC2A 2EW

Website

https://www.ukogplc.com

UK Oil & Gas PLC operates as an oil and gas exploration company. Its principal activity is to acquire a portfolio of direct and indirect interests in the exploration, development, and production of oil and gas assets. The company's current operational focus is on the UK and Turkey onshore sectors. Its current UK onshore portfolio consists of direct and indirect interests in six oil and gas exploration, appraisal, development, and production assets, all situated within the Weald and Purbeck-Wight Basins of southern England. The company has three reportable segments: Oil exploration and production which includes producing business activities; Oil exploration and evaluation which includes non-producing activities; Head Office, corporate and administrative, including parent company activities.

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