TAG Oil (TAG Oil) Accounts Payable & Accrued Expense : $5.23 Mil (As of Dec. 2023)

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What is TAG Oil Accounts Payable & Accrued Expense?

TAG Oil's quarterly accounts payable & accrued expense increased from Jun. 2023 ($0.89 Mil) to Sep. 2023 ($2.09 Mil) and increased from Sep. 2023 ($2.09 Mil) to Dec. 2023 ($5.23 Mil).

TAG Oil's annual accounts payable & accrued expense declined from Mar. 2021 ($0.32 Mil) to Mar. 2022 ($0.32 Mil) but then increased from Mar. 2022 ($0.32 Mil) to Mar. 2023 ($1.16 Mil).

TAG Oil Accounts Payable & Accrued Expense Historical Data

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

TAG Oil Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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4.12

0.43

0.32

1.16

TAG Oil Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.49	1.16	0.89	2.09	5.23

TAG Oil 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.

TAG Oil (TAG Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TAG Oil Ltd (OTCPK:TAOIF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

T0P:Germany TAO:Canada

Address

1710 - 1050 West Pender Street, Suite 2040, Vancouver, BC, CAN, V6E 3S7

Website

https://www.tagoil.com

TAG Oil Ltd is a Canada-based oil and gas exploration, development, and production company. It operates through three geographical segments namely Canada, New Zealand, and Australia. Geographically, the firm generates a majority of its revenue from New Zealand.