Hong Kong and China Gas Co (Hong Kong and China Gas Co) Accounts Payable & Accrued Expense : $1,419 Mil (As of Dec. 2023)

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What is Hong Kong and China Gas Co Accounts Payable & Accrued Expense?

Hong Kong and China Gas Co's quarterly accounts payable & accrued expense declined from Dec. 2022 ($1,268 Mil) to Jun. 2023 ($1,204 Mil) but then increased from Jun. 2023 ($1,204 Mil) to Dec. 2023 ($1,419 Mil).

Hong Kong and China Gas Co's annual accounts payable & accrued expense increased from Dec. 2021 ($1,217 Mil) to Dec. 2022 ($1,268 Mil) and increased from Dec. 2022 ($1,268 Mil) to Dec. 2023 ($1,419 Mil).

Hong Kong and China Gas Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hong Kong and China Gas Co'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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Hong Kong and China Gas Co Accounts Payable & Accrued Expense Chart

Hong Kong and China Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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934.87

1,082.96

1,216.80

1,268.16

1,418.94

Hong Kong and China Gas Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1,216.80	1,055.08	1,268.16	1,203.96	1,418.94

Hong Kong and China Gas Co 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.

Hong Kong and China Gas Co (Hong Kong and China Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hong Kong and China Gas Co Ltd (OTCPK:HOKCY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

HOKCF:USA 00003:Hong Kong HCG:Germany

Address

363 Java Road, 23rd Floor, North Point, Hong Kong, HKG

Website

http://www.towngas.com

Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.

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