Sovereign Cloud Holdings (ASX:SOV) Accounts Payable & Accrued Expense : A$2.23 Mil (As of Dec. 2023)

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What is Sovereign Cloud Holdings Accounts Payable & Accrued Expense?

Sovereign Cloud Holdings's quarterly accounts payable & accrued expense declined from Dec. 2022 (A$4.28 Mil) to Jun. 2023 (A$3.13 Mil) and declined from Jun. 2023 (A$3.13 Mil) to Dec. 2023 (A$2.23 Mil).

Sovereign Cloud Holdings's annual accounts payable & accrued expense increased from Jun. 2021 (A$0.89 Mil) to Jun. 2022 (A$2.98 Mil) and increased from Jun. 2022 (A$2.98 Mil) to Jun. 2023 (A$3.13 Mil).

Sovereign Cloud Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sovereign Cloud Holdings'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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Sovereign Cloud Holdings Accounts Payable & Accrued Expense Chart

Sovereign Cloud Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

0.54

0.89

2.98

3.13

Sovereign Cloud Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			3.83	2.98	4.28	3.13	2.23

Sovereign Cloud Holdings 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.

Sovereign Cloud Holdings (ASX:SOV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sovereign Cloud Holdings Ltd (ASX:SOV) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

15-21 Beaconsfield Street, Unit 7, Fyshwick, ACT, AUS, 2609

Website

https://www.australiacloud.com.au

Sovereign Cloud Holdings Ltd provides sovereign cloud services to Australian Governments and critical national industries. It has built a cloud-based platform, which is accredited by Government standards to PROTECTED controls or higher. The platform is available to rent computation cycles and data storage to customers on a pay-as-you-go basis, referred to as Infrastructure as a Service (IaaS).

Sovereign Cloud Holdings (ASX:SOV) Headlines

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