Portofino Resources (Portofino Resources) Accounts Payable & Accrued Expense : $0.72 Mil (As of Feb. 2024)

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What is Portofino Resources Accounts Payable & Accrued Expense?

Portofino Resources's quarterly accounts payable & accrued expense increased from Aug. 2023 ($0.58 Mil) to Nov. 2023 ($0.63 Mil) and increased from Nov. 2023 ($0.63 Mil) to Feb. 2024 ($0.72 Mil).

Portofino Resources's annual accounts payable & accrued expense increased from May. 2021 ($0.05 Mil) to May. 2022 ($0.12 Mil) and increased from May. 2022 ($0.12 Mil) to May. 2023 ($0.56 Mil).

Portofino Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Portofino Resources'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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Portofino Resources Accounts Payable & Accrued Expense Chart

Portofino Resources Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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0.09

0.14

0.05

0.12

0.56

Portofino Resources Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.15	0.56	0.58	0.63	0.72

Portofino Resources 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.

Portofino Resources (Portofino Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Portofino Resources Inc (OTCPK:PFFOF) » Definitions » Accounts Payable & Accrued Expense

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POTA:Germany POR:Canada

Address

470 Granville Street, Suite 520, Vancouver, BC, CAN, V6C 1V5

Website

https://www.portofinoresources.com

Portofino Resources Inc is engaged in the acquisition, exploration, and development of mineral property assets in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ontario. In addition, it holds 100% interest in three Northwestern Ontario gold projects; the Gold Creek property, Sapawe West property and Melema West property located near Atikokan. It also shows interest in the Yergo Lithium Brine Project.

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