Lotus Ventures (XCNQ:J) Accounts Payable & Accrued Expense : C$2.34 Mil (As of Aug. 2023)

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What is Lotus Ventures Accounts Payable & Accrued Expense?

Lotus Ventures's quarterly accounts payable & accrued expense increased from Feb. 2023 (C$1.55 Mil) to May. 2023 (C$1.73 Mil) and increased from May. 2023 (C$1.73 Mil) to Aug. 2023 (C$2.34 Mil).

Lotus Ventures's annual accounts payable & accrued expense declined from Aug. 2020 (C$1.11 Mil) to Aug. 2021 (C$0.81 Mil) but then increased from Aug. 2021 (C$0.81 Mil) to Aug. 2022 (C$1.47 Mil).

Lotus Ventures Accounts Payable & Accrued Expense Historical Data

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

Lotus Ventures Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Accounts Payable & Accrued Expense

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1.67

0.95

1.11

0.81

1.47

Lotus Ventures Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.47	1.49	1.55	1.73	2.34

Lotus Ventures 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.

Lotus Ventures (XCNQ:J) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Lotus Ventures Inc (XCNQ:J) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

LV9:Germany

Address

1030 West Georgia Street, Suite 1010, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.lotuscannabis.ca

Lotus Ventures Inc is a licensed cannabis producer that serves customers in Canada. The company created a purpose-built facility with proprietary standard operating procedures to reliably produce rare and high-quality strains of cannabis for consumers looking for a consistent experience.

Executives

Gary Kenneth Mathiesen

Senior Officer