Magnetite Mines (ASX:MGT) Accounts Payable & Accrued Expense : A$0.67 Mil (As of Dec. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Magnetite Mines Accounts Payable & Accrued Expense?

Magnetite Mines's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.55 Mil) to Jun. 2023 (A$0.97 Mil) but then declined from Jun. 2023 (A$0.97 Mil) to Dec. 2023 (A$0.67 Mil).

Magnetite Mines's annual accounts payable & accrued expense increased from Jun. 2021 (A$0.55 Mil) to Jun. 2022 (A$3.90 Mil) but then declined from Jun. 2022 (A$3.90 Mil) to Jun. 2023 (A$0.97 Mil).

Magnetite Mines Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magnetite Mines'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.

* Premium members only.

Magnetite Mines Accounts Payable & Accrued Expense Chart

Magnetite Mines Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

Get a 7-Day Free Trial

0.20

0.15

0.55

3.90

0.97

Magnetite Mines 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															1.21	3.90	0.55	0.97	0.67

Magnetite Mines 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.

Magnetite Mines (ASX:MGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magnetite Mines Ltd (ASX:MGT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Currie Street, Suite 3, Level 3, Adelaide, SA, AUS, 5000

Website

https://www.magnetitemines.com

Magnetite Mines Ltd is a mineral exploration company. It shows interest in the Razorback Iron Project located in the province of South Australia. The Group operates in one operating segment and one geographical area, which is Mineral Exploration in Australia. The company's other projects include Muster Dam Iron Ore Project and Global Drivers For High-Grade Iron Ore project.

Magnetite Mines (ASX:MGT) Headlines

No Headlines