Genel Energy (LSE:GENL) Accounts Payable & Accrued Expense : £45.50 Mil (As of Dec. 2023)

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What is Genel Energy Accounts Payable & Accrued Expense?

Genel Energy's quarterly accounts payable & accrued expense declined from Dec. 2022 (£67.65 Mil) to Jun. 2023 (£51.40 Mil) and declined from Jun. 2023 (£51.40 Mil) to Dec. 2023 (£45.50 Mil).

Genel Energy's annual accounts payable & accrued expense declined from Dec. 2021 (£73.32 Mil) to Dec. 2022 (£67.65 Mil) and declined from Dec. 2022 (£67.65 Mil) to Dec. 2023 (£45.50 Mil).

Genel Energy Accounts Payable & Accrued Expense Historical Data

The historical data trend for Genel Energy'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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Genel Energy Accounts Payable & Accrued Expense Chart

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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69.97

73.66

73.32

67.65

45.50

Genel Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															73.32	74.54	67.65	51.40	45.50

Genel Energy 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.

Genel Energy (LSE:GENL) Business Description

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GEGYF:USA GENLl:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.

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