Torque Metals (ASX:TOR) Accounts Payable & Accrued Expense : A$1.63 Mil (As of Dec. 2023)

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What is Torque Metals Accounts Payable & Accrued Expense?

Torque Metals's quarterly accounts payable & accrued expense increased from Dec. 2022 (A$0.72 Mil) to Jun. 2023 (A$0.89 Mil) and increased from Jun. 2023 (A$0.89 Mil) to Dec. 2023 (A$1.63 Mil).

Torque Metals's annual accounts payable & accrued expense declined from Jun. 2021 (A$0.77 Mil) to Jun. 2022 (A$0.30 Mil) but then increased from Jun. 2022 (A$0.30 Mil) to Jun. 2023 (A$0.89 Mil).

Torque Metals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Torque Metals'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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Torque Metals Accounts Payable & Accrued Expense Chart

Torque Metals Annual Data

Trend

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

0.77

0.30

0.89

Torque Metals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			0.67	0.30	0.72	0.89	1.63

Torque Metals 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.

Torque Metals (ASX:TOR) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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Address

16 - 18 Nicholson Road, Unit 8, Subiaco, WA, AUS, 6008

Website

https://www.torquemetals.com

Torque Metals Ltd is a smart exploration company with a discovery methodology, combining drilling results with machine learning algorithms and geological interpretation. The company has three projects namely; New Dawn Lithium Project, Bullfinch Gold Project, and Paris Gold Project. The Company operates in one segment being exploration in Western Australia, Australia.

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