Gulf Bank KSC (KUW:GBK) Accounts Payable & Accrued Expense : KWD0.0 Mil (As of Mar. 2024)

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What is Gulf Bank KSC Accounts Payable & Accrued Expense?

Gulf Bank KSC's quarterly accounts payable & accrued expense increased from Sep. 2023 (KWD0.0 Mil) to Dec. 2023 (KWD59.5 Mil) but then declined from Dec. 2023 (KWD59.5 Mil) to Mar. 2024 (KWD0.0 Mil).

Gulf Bank KSC's annual accounts payable & accrued expense increased from Dec. 2021 (KWD11.9 Mil) to Dec. 2022 (KWD32.1 Mil) and increased from Dec. 2022 (KWD32.1 Mil) to Dec. 2023 (KWD59.5 Mil).

Gulf Bank KSC Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gulf Bank KSC'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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Gulf Bank KSC Accounts Payable & Accrued Expense Chart

Gulf Bank KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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30.90

13.96

11.90

32.06

59.52

Gulf Bank KSC 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															-	-	-	59.52	-

Gulf Bank KSC 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.

Gulf Bank KSC (KUW:GBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Bank KSC (KUW:GBK) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabir Street, P. O. Box 3200, Safat, Kuwait, KWT, 13032

Website

https://www.e-gulfbank.com

Gulf Bank KSC is predominantly a Kuwait-based banking service company. The bank's business activities are mapped into two business lines which are Commercial Banking, Treasury & Investments. Commercial Banking engages in the acceptance of deposits from individuals, corporate and institutional customers, and providing consumer loans, overdrafts, credit card facilities, and funds transfer facilities to individuals; and other credit facilities to corporate and institutional customers. The Treasury & Investments segment provides money market, trading, and treasury services, as well as the management of the Bank's funding operations by use of Kuwait Government treasury bonds, government securities, placements, and acceptances with other banks.

Gulf Bank KSC (KUW:GBK) Headlines

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