Hilong Holding (HKSE:01623) Accounts Payable & Accrued Expense : HK$1,493 Mil (As of Jun. 2023)

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What is Hilong Holding Accounts Payable & Accrued Expense?

Hilong Holding's quarterly accounts payable & accrued expense increased from Jun. 2022 (HK$1,136 Mil) to Dec. 2022 (HK$1,207 Mil) and increased from Dec. 2022 (HK$1,207 Mil) to Jun. 2023 (HK$1,493 Mil).

Hilong Holding's annual accounts payable & accrued expense declined from Dec. 2020 (HK$1,107 Mil) to Dec. 2021 (HK$947 Mil) but then increased from Dec. 2021 (HK$947 Mil) to Dec. 2022 (HK$1,207 Mil).

Hilong Holding Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hilong Holding'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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Hilong Holding Accounts Payable & Accrued Expense Chart

Hilong Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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1,277.72

1,445.03

1,106.78

946.84

1,206.67

Hilong Holding Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	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															854.69	946.84	1,135.70	1,206.67	1,492.61

Hilong Holding 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.

Hilong Holding (HKSE:01623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hilong Holding Ltd (HKSE:01623) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

HLONF:USA 8HL:Germany

Address

No. 1825, Luodong Road, Baoshan Industrial Zone, Shanghai, CHN, 200949

Website

http://www.hilonggroup.com

Hilong Holding Ltd manufactures and distributes oil and gas drilling equipment and coating materials, and provisions coating, oilfield, and offshore engineering services. Its segments include Oilfield equipment manufacturing and services including the production of oilfield equipment and provision of OCTG coating services; Line pipe technology and services including the provision of services related to oil and gas pipelines and production of coating materials for anti-corrosive and anti-friction purposes; Oilfield services including the provision of well drilling services, integrated comprehensive services, OCTG trading and related services to oil and gas producers; and Offshore engineering services includes the provision of offshore engineering services and offshore design services.

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