Medlab Clinical (Medlab Clinical) Accounts Payable & Accrued Expense : $0.72 Mil (As of Dec. 2023)

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What is Medlab Clinical Accounts Payable & Accrued Expense?

Medlab Clinical's quarterly accounts payable & accrued expense declined from Dec. 2022 ($1.30 Mil) to Jun. 2023 ($1.08 Mil) and declined from Jun. 2023 ($1.08 Mil) to Dec. 2023 ($0.72 Mil).

Medlab Clinical's annual accounts payable & accrued expense declined from Jun. 2021 ($2.29 Mil) to Jun. 2022 ($1.03 Mil) but then increased from Jun. 2022 ($1.03 Mil) to Jun. 2023 ($1.08 Mil).

Medlab Clinical Accounts Payable & Accrued Expense Historical Data

The historical data trend for Medlab Clinical'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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Medlab Clinical Accounts Payable & Accrued Expense Chart

Medlab Clinical Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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2.52

2.22

2.29

1.03

1.08

Medlab Clinical Semi-Annual Data
	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												1.32	1.03	1.30	1.08	0.72

Medlab Clinical 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.

Medlab Clinical (Medlab Clinical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medlab Clinical Ltd (OTCPK:MDBBF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Lord Street, Unit 5, Botany, NSW, AUS, 2019

Website

https://www.medlab.co

Medlab Clinical Ltd is a medical research and development company. It is engaged in researching and formulating novel biotherapeutics to improve health outcomes in early to moderate stage chronic diseases such as chronic kidney disease, pre-diabetes, and obesity. Some of the company's nutraceutical products are Multibiotic, Mg Optima Relax, NRGBiotic, NanoCelle D3, SB 5B and others. The principal segments of the group are Nutraceutical which includes the sale of nutraceutical products; and Pharmaceutical research. It generates the majority of the revenue from the sale of nutraceutical products. The business operations of the firm are carried out from Australia.