Sparebanken More (OSL:MORG) Accounts Payable & Accrued Expense : kr251 Mil (As of Mar. 2024)

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What is Sparebanken More Accounts Payable & Accrued Expense?

Sparebanken More's quarterly accounts payable & accrued expense increased from Sep. 2023 (kr207 Mil) to Dec. 2023 (kr270 Mil) but then declined from Dec. 2023 (kr270 Mil) to Mar. 2024 (kr251 Mil).

Sparebanken More's annual accounts payable & accrued expense declined from Dec. 2021 (kr334 Mil) to Dec. 2022 (kr210 Mil) but then increased from Dec. 2022 (kr210 Mil) to Dec. 2023 (kr270 Mil).

Sparebanken More Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sparebanken More'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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Sparebanken More Accounts Payable & Accrued Expense Chart

Sparebanken More Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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100.00

111.00

334.00

210.00

270.00

Sparebanken More 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															140.00	111.00	207.00	270.00	251.00

Sparebanken More 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.

Sparebanken More (OSL:MORG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sparebanken More (OSL:MORG) » Definitions » Accounts Payable & Accrued Expense

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MORGo:UK

Address

Kipervikgata 6, Ålesund, NOR, 6003

Website

https://www.sbm.no

Sparebanken Møre is a Norway-based banking corporation. It engaged in providing retail and commercial banking services to its customers. Products and services provided by the company include deposits, saving accounts, asset management, financial advisory services, payment transfers, foreign exchange and interest trading, insurance, and real estate brokerage. In addition, the company also provides real estate brokerage services for both residential homes and commercial properties. It mainly concentrates on maritime, offshore and supply, real estate, trade, and services as well as insurance industries. It firm manages its business into three segments Corporate, Retail, and Real estate brokerage. The revenue of the company comprises interest, fees, commission, and other income.

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