Ocean Rig UDW (FRA:9ORN) Accounts Payable & Accrued Expense : €46.9 Mil (As of Sep. 2018)

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What is Ocean Rig UDW Accounts Payable & Accrued Expense?

Ocean Rig UDW's quarterly accounts payable & accrued expense declined from Mar. 2018 (€64.9 Mil) to Jun. 2018 (€59.5 Mil) and declined from Jun. 2018 (€59.5 Mil) to Sep. 2018 (€46.9 Mil).

Ocean Rig UDW's annual accounts payable & accrued expense declined from Dec. 2015 (€204.0 Mil) to Dec. 2016 (€140.2 Mil) and declined from Dec. 2016 (€140.2 Mil) to Dec. 2017 (€73.6 Mil).

Ocean Rig UDW Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ocean Rig UDW'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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Ocean Rig UDW Accounts Payable & Accrued Expense Chart

Ocean Rig UDW Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Payable & Accrued Expense

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222.01

209.54

204.04

140.18

73.58

Ocean Rig UDW Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															54.80	73.58	64.93	59.49	46.92

Ocean Rig UDW 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.

Ocean Rig UDW (FRA:9ORN) Business Description

Industry

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Address

Website

http://www.ocean-rig.com

Ocean Rig UDW Inc is an international offshore drilling contractor. It provides oilfield services for offshore oil and gas exploration, development and production drilling and specializing in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. The company employs drilling units primarily on a day rate basis for periods of between two months and six years to drill wells for its customers, typically major oil companies, integrated oil and gas companies, state-owned national oil companies and independent oil and gas companies.

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