Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Accounts Payable & Accrued Expense : $30.1 Mil (As of Dec. 2023)

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What is Labrador Iron Ore Royalty Accounts Payable & Accrued Expense?

Labrador Iron Ore Royalty's quarterly accounts payable & accrued expense increased from Jun. 2023 ($39.8 Mil) to Sep. 2023 ($51.7 Mil) but then declined from Sep. 2023 ($51.7 Mil) to Dec. 2023 ($30.1 Mil).

Labrador Iron Ore Royalty's annual accounts payable & accrued expense declined from Dec. 2021 ($80.5 Mil) to Dec. 2022 ($39.8 Mil) and declined from Dec. 2022 ($39.8 Mil) to Dec. 2023 ($30.1 Mil).

Labrador Iron Ore Royalty Accounts Payable & Accrued Expense Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Accounts Payable & Accrued Expense Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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65.19

104.16

80.48

39.81

30.07

Labrador Iron Ore Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															39.81	30.69	39.78	51.69	30.07

Labrador Iron Ore Royalty 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.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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