Nedbank Group (Nedbank Group) Accounts Payable & Accrued Expense : $694 Mil (As of Dec. 2023)

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What is Nedbank Group Accounts Payable & Accrued Expense?

Nedbank Group's quarterly accounts payable & accrued expense declined from Dec. 2022 ($551 Mil) to Jun. 2023 ($14 Mil) but then increased from Jun. 2023 ($14 Mil) to Dec. 2023 ($694 Mil).

Nedbank Group's annual accounts payable & accrued expense increased from Dec. 2021 ($21 Mil) to Dec. 2022 ($551 Mil) and increased from Dec. 2022 ($551 Mil) to Dec. 2023 ($694 Mil).

Nedbank Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Nedbank Group'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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Nedbank Group Accounts Payable & Accrued Expense Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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11.18

39.65

20.77

550.93

694.05

Nedbank Group 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															20.77	6.89	550.93	13.82	694.05

Nedbank Group 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.

Nedbank Group (Nedbank Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKY:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.