Mind Medicine (Mind Medicine) Accounts Payable & Accrued Expense : $14.78 Mil (As of Mar. 2024)

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What is Mind Medicine Accounts Payable & Accrued Expense?

Mind Medicine's quarterly accounts payable & accrued expense declined from Sep. 2023 ($14.14 Mil) to Dec. 2023 ($11.24 Mil) but then increased from Dec. 2023 ($11.24 Mil) to Mar. 2024 ($14.78 Mil).

Mind Medicine's annual accounts payable & accrued expense declined from Dec. 2021 ($8.11 Mil) to Dec. 2022 ($4.79 Mil) but then increased from Dec. 2022 ($4.79 Mil) to Dec. 2023 ($11.24 Mil).

Mind Medicine Accounts Payable & Accrued Expense Historical Data

The historical data trend for Mind Medicine'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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Mind Medicine Accounts Payable & Accrued Expense Chart

Mind Medicine Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

3.01

8.11

4.79

11.24

Mind Medicine Quarterly Data
	Sep19	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													7.12	15.63	14.14	11.24	14.78

Mind Medicine 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.

Mind Medicine (Mind Medicine) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Mind Medicine Inc (OTCPK:MMCWF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MNMD:USA MMQ:Germany MMED:Canada

Address

One World Trade Center, Suite 8500, New York, NY, USA, 10007

Website

https://www.mindmed.co

Mind Medicine Inc is a psychedelic medicine biotech company that discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of treatments based on psychedelic substances including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC. The firm is having an approach towards developing the next generation of psychedelic inspired medicines and therapies.