Unit (UNTCW) Accounts Payable & Accrued Expense : $18.45 Mil (As of Mar. 2024)

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What is Unit Accounts Payable & Accrued Expense?

Unit's quarterly accounts payable & accrued expense declined from Sep. 2023 ($27.16 Mil) to Dec. 2023 ($23.63 Mil) and declined from Dec. 2023 ($23.63 Mil) to Mar. 2024 ($18.45 Mil).

Unit's annual accounts payable & accrued expense declined from Dec. 2021 ($67.62 Mil) to Dec. 2022 ($29.78 Mil) and declined from Dec. 2022 ($29.78 Mil) to Dec. 2023 ($23.63 Mil).

Unit Accounts Payable & Accrued Expense Historical Data

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

Unit Annual Data

Trend

Dec14

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Dec18

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Dec20

Dec21

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Dec23

Accounts Payable & Accrued Expense

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104.01

47.29

67.62

29.78

23.63

Unit Quarterly Data
	Jun19	Sep19	Dec19	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															21.12	21.65	27.16	23.63	18.45

Unit 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.

Unit (UNTCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Unit Corp (OTCPK:UNTCW) » Definitions » Accounts Payable & Accrued Expense

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UNTC:USA

Address

8200 South Unit Drive, Tulsa, OK, USA, 74132

Website

https://www.unitcorp.com

Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.