Ajial Real Estate & Entertainment Co (KUW:AREEC) Accounts Payable & Accrued Expense : KWD4.81 Mil (As of Mar. 2024)

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What is Ajial Real Estate & Entertainment Co Accounts Payable & Accrued Expense?

Ajial Real Estate & Entertainment Co's quarterly accounts payable & accrued expense declined from Sep. 2023 (KWD2.62 Mil) to Dec. 2023 (KWD1.88 Mil) but then increased from Dec. 2023 (KWD1.88 Mil) to Mar. 2024 (KWD4.81 Mil).

Ajial Real Estate & Entertainment Co's annual accounts payable & accrued expense declined from Dec. 2021 (KWD3.52 Mil) to Dec. 2022 (KWD3.18 Mil) and declined from Dec. 2022 (KWD3.18 Mil) to Dec. 2023 (KWD1.88 Mil).

Ajial Real Estate & Entertainment Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ajial Real Estate & Entertainment Co'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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Ajial Real Estate & Entertainment Co Accounts Payable & Accrued Expense Chart

Ajial Real Estate & Entertainment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2.67

3.22

3.52

3.18

1.88

Ajial Real Estate & Entertainment Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															3.40	3.54	2.62	1.88	4.81

Ajial Real Estate & Entertainment Co 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.

Ajial Real Estate & Entertainment Co (KUW:AREEC) Business Description

Industry

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Traded in Other Exchanges

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Address

Al Hamra Tower, 26th Floor, Office No. 2, P.O. Box 22448, Safat, Kuwait City, KWT, 13085

Website

http://www.ajial-realestate.com

Ajial Real Estate & Entertainment Co is a real estate company. Its activities include buying and selling lands, renting and selling of real estate domestically and outside Kuwait, establishing and maintaining residential complexes, the building of commercial markets and entertainment centres, touristic facilities and special accommodations, provide contracting services and trading of building materials. The company's segments include Real estate investing activities that invests and trades in real estate and construction or development of real estate for the sale; and Equities and other investing activities that invest in financial and real estate funds and manages the group's liquidity requirements.

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