Quebec Rare Earth Elements (XCNQ:QREE) Accounts Payable & Accrued Expense : C$0.12 Mil (As of Jan. 2024)

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What is Quebec Rare Earth Elements Accounts Payable & Accrued Expense?

Quebec Rare Earth Elements's quarterly accounts payable & accrued expense declined from Jul. 2023 (C$0.13 Mil) to Oct. 2023 (C$0.09 Mil) but then increased from Oct. 2023 (C$0.09 Mil) to Jan. 2024 (C$0.12 Mil).

Quebec Rare Earth Elements's annual accounts payable & accrued expense declined from Apr. 2021 (C$0.36 Mil) to Apr. 2022 (C$0.12 Mil) but then increased from Apr. 2022 (C$0.12 Mil) to Apr. 2023 (C$0.13 Mil).

Quebec Rare Earth Elements Accounts Payable & Accrued Expense Historical Data

The historical data trend for Quebec Rare Earth Elements'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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Quebec Rare Earth Elements Accounts Payable & Accrued Expense Chart

Quebec Rare Earth Elements Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Accounts Payable & Accrued Expense

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1.44

0.54

0.36

0.12

0.13

Quebec Rare Earth Elements Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.16	0.13	0.13	0.09	0.12

Quebec Rare Earth Elements 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.

Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Quebec Rare Earth Elements Corp (XCNQ:QREE) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

QQREF:USA 41K:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.metallica-metals.com

Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.

Executives

John Warren Jentz

10% Security Holder, Director