Teekay Tankers (Teekay Tankers) Accounts Payable & Accrued Expense : $79 Mil (As of Dec. 2023)

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What is Teekay Tankers Accounts Payable & Accrued Expense?

Teekay Tankers's quarterly accounts payable & accrued expense declined from Jun. 2023 ($73 Mil) to Sep. 2023 ($67 Mil) but then increased from Sep. 2023 ($67 Mil) to Dec. 2023 ($79 Mil).

Teekay Tankers's annual accounts payable & accrued expense increased from Dec. 2021 ($78 Mil) to Dec. 2022 ($91 Mil) but then declined from Dec. 2022 ($91 Mil) to Dec. 2023 ($79 Mil).

Teekay Tankers Accounts Payable & Accrued Expense Historical Data

The historical data trend for Teekay Tankers'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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Teekay Tankers Accounts Payable & Accrued Expense Chart

Teekay Tankers Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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132.85

89.24

78.36

90.96

78.60

Teekay Tankers 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															90.96	91.80	73.36	67.19	78.60

Teekay Tankers 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.

Teekay Tankers (Teekay Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Teekay Tankers Ltd (NYSE:TNK) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

3TKA:Germany

Address

69 Pitts Bay Road, 4th Floor, Belvedere Building, Hamilton, BMU, HM 08

Website

https://www.teekay.com

Teekay Tankers Ltd is a provider of marine services to the global oil and natural gas industries and an operator of medium-sized oil tankers. The company operates in two segments: tanker and ship-to-ship transfer. The vast majority of its revenue comes from the tanker segment, which consists of crude oil and product tankers for different contracts.