Maxim Power (Maxim Power) Accounts Payable & Accrued Expense : $9.32 Mil (As of Dec. 2023)

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What is Maxim Power Accounts Payable & Accrued Expense?

Maxim Power's quarterly accounts payable & accrued expense increased from Jun. 2023 ($4.50 Mil) to Sep. 2023 ($7.30 Mil) and increased from Sep. 2023 ($7.30 Mil) to Dec. 2023 ($9.32 Mil).

Maxim Power's annual accounts payable & accrued expense declined from Dec. 2021 ($14.64 Mil) to Dec. 2022 ($10.88 Mil) and declined from Dec. 2022 ($10.88 Mil) to Dec. 2023 ($9.32 Mil).

Maxim Power Accounts Payable & Accrued Expense Historical Data

The historical data trend for Maxim Power'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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Maxim Power Accounts Payable & Accrued Expense Chart

Maxim Power Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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13.01

5.79

14.64

10.88

9.32

Maxim Power Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															10.88	5.26	4.50	7.30	9.32

Maxim Power 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.

Maxim Power (Maxim Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Accounts Payable & Accrued Expense

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MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.