Noratis AG (HAM:NUVA) Accounts Payable & Accrued Expense : €1.40 Mil (As of Jun. 2023)

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What is Noratis AG Accounts Payable & Accrued Expense?

Noratis AG's quarterly accounts payable & accrued expense increased from Jun. 2022 (€2.67 Mil) to Dec. 2022 (€4.52 Mil) but then declined from Dec. 2022 (€4.52 Mil) to Jun. 2023 (€1.40 Mil).

Noratis AG's annual accounts payable & accrued expense increased from Dec. 2020 (€3.31 Mil) to Dec. 2021 (€17.89 Mil) but then declined from Dec. 2021 (€17.89 Mil) to Dec. 2022 (€4.52 Mil).

Noratis AG Accounts Payable & Accrued Expense Historical Data

The historical data trend for Noratis AG'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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Noratis AG Accounts Payable & Accrued Expense Chart

Noratis AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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1.77

18.45

3.31

17.89

4.52

Noratis AG Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											4.98	17.89	2.67	4.52	1.40

Noratis AG 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.

Noratis AG (HAM:NUVA) Business Description

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NUVA:Germany

Address

Hauptstrasse 129, Eschborn, HE, DEU, 65760

Website

https://www.noratis.de

Noratis AG is a developer of residential property portfolios. The company invests in residential properties with technical and commercial development potential in Germany, mainly in small and medium-sized towns or on the outskirts of metropolitan areas. The Company specializes in the upgrading of ageing residential portfolios, mostly company-owned apartments, residential areas or housing estates in cities with more than 10,000 inhabitants and in peripheral areas of conurbations.