GNHRF (Arian Resources) Accounts Payable & Accrued Expense : $3.17 Mil (As of Nov. 2016)

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What is Arian Resources Accounts Payable & Accrued Expense?

Arian Resources's quarterly accounts payable & accrued expense increased from May. 2016 ($3.09 Mil) to Aug. 2016 ($3.19 Mil) but then declined from Aug. 2016 ($3.19 Mil) to Nov. 2016 ($3.17 Mil).

Arian Resources's annual accounts payable & accrued expense increased from May. 2014 ($0.71 Mil) to May. 2015 ($2.59 Mil) and increased from May. 2015 ($2.59 Mil) to May. 2016 ($3.09 Mil).

Arian Resources Accounts Payable & Accrued Expense Historical Data

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

Arian Resources Annual Data

Trend

May07

May08

May09

May10

May11

May12

May13

May14

May15

May16

Accounts Payable & Accrued Expense

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0.23

0.59

0.71

2.59

3.09

Arian Resources Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.51	2.86	3.09	3.19	3.17

Arian Resources 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.

Arian Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arian Resources Corp (OTCPK:GNHRF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5

Website

http://www.arianresources.com

Arian Resources Corp is a mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for gold, platinum group elements, chromite, and copper ores. It holds interests in Albanian exploration projects located in Northern Albania and also owns interest in a copper mining exploitation permit located in Albania. It operates through Mineral exploration segment and generates revenue from the same.

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