Silver Spruce Resources (Silver Spruce Resources) Accounts Payable & Accrued Expense : $0.19 Mil (As of Jan. 2024)

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What is Silver Spruce Resources Accounts Payable & Accrued Expense?

Silver Spruce Resources's quarterly accounts payable & accrued expense increased from Jul. 2023 ($0.13 Mil) to Oct. 2023 ($0.13 Mil) and increased from Oct. 2023 ($0.13 Mil) to Jan. 2024 ($0.19 Mil).

Silver Spruce Resources's annual accounts payable & accrued expense increased from Oct. 2021 ($0.19 Mil) to Oct. 2022 ($0.22 Mil) but then declined from Oct. 2022 ($0.22 Mil) to Oct. 2023 ($0.13 Mil).

Silver Spruce Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Silver Spruce 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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Silver Spruce Resources Accounts Payable & Accrued Expense Chart

Silver Spruce Resources Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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0.42

0.04

0.19

0.22

0.13

Silver Spruce Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.23	0.22	0.13	0.13	0.19

Silver Spruce 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.

Silver Spruce Resources (Silver Spruce Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

S6Q1:Germany SSE:Canada

Address

1600 Bedford Highway, Suite 440, Bedford, NS, CAN, B4A 1E8

Website

https://www.silverspruceresources.com

Silver Spruce Resources Inc is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope's Hill.