United Oil & Gas (LSE:UOG) Accounts Payable & Accrued Expense : £4.10 Mil (As of Jun. 2023)

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

United Oil & Gas's quarterly accounts payable & accrued expense declined from Jun. 2022 (£3.19 Mil) to Dec. 2022 (£1.47 Mil) but then increased from Dec. 2022 (£1.47 Mil) to Jun. 2023 (£4.10 Mil).

United Oil & Gas's annual accounts payable & accrued expense increased from Dec. 2020 (£1.79 Mil) to Dec. 2021 (£2.13 Mil) but then declined from Dec. 2021 (£2.13 Mil) to Dec. 2022 (£1.47 Mil).

United Oil & Gas Accounts Payable & Accrued Expense Historical Data

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

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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0.03

0.63

1.79

2.13

1.47

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											3.32	2.13	3.19	1.47	4.10

United 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.

United Oil & Gas (LSE:UOG) Business Description

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1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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