Electric Metals (TSXV:EML) Accounts Payable & Accrued Expense : C$1.36 Mil (As of Mar. 2024)

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What is Electric Metals Accounts Payable & Accrued Expense?

Electric Metals's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$2.75 Mil) to Dec. 2023 (C$1.65 Mil) and declined from Dec. 2023 (C$1.65 Mil) to Mar. 2024 (C$1.36 Mil).

Electric Metals's annual accounts payable & accrued expense increased from Dec. 2021 (C$0.81 Mil) to Dec. 2022 (C$2.94 Mil) but then declined from Dec. 2022 (C$2.94 Mil) to Dec. 2023 (C$1.65 Mil).

Electric Metals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Electric Metals'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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Electric Metals Accounts Payable & Accrued Expense Chart

Electric Metals Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.81

2.94

1.65

Electric Metals Quarterly Data
	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial									2.76	4.25	2.75	1.65	1.36

Electric Metals 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.

Electric Metals (TSXV:EML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Electric Metals (USA) Ltd (TSXV:EML) » Definitions » Accounts Payable & Accrued Expense

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EMUSF:USA

Address

365 Bay Street, Suite 800, Toronto, ON, CAN, M5H 2V1

Website

https://www.electricmetals.com

Electric Metals (USA) Ltd is a U.S.-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy. The Company's principal asset is the Emily Manganese Project in Minnesota, which has been the subject of considerable technical studies, including a National Instrument 43-101 Technical Report - Resource Estimate, with over US$26 million invested to date. The Company's mission in Minnesota is to become a domestic U.S. producer of high-purity, high-value manganese metal and chemical products for supply to U.S. energy, technology and industrial markets. With manganese plays a critical and prominent role in lithium-ion battery formulations, and with no current domestic supply or active mines for manganese in North America.