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Novagold Resources Inc's quarterly accounts payable declined from Nov. 2013 ($3.49 Mil) to Feb. 2014 ($1.71 Mil) but then increased from Feb. 2014 ($1.71 Mil) to May. 2014 ($1.85 Mil).
Novagold Resources Inc's annual accounts payable declined from Nov. 2011 ($14.34 Mil) to Nov. 2012 ($5.71 Mil) and declined from Nov. 2012 ($5.71 Mil) to Nov. 2013 ($3.49 Mil).
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.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
Novagold Resources Inc Annual Data
Novagold Resources Inc Quarterly Data