Cathay Financial Holding Co (TPE:2882) Accounts Payable & Accrued Expense : NT$91,005 Mil (As of Dec. 2023)

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What is Cathay Financial Holding Co Accounts Payable & Accrued Expense?

Cathay Financial Holding Co's quarterly accounts payable & accrued expense declined from Jun. 2023 (NT$116,633 Mil) to Sep. 2023 (NT$102,105 Mil) and declined from Sep. 2023 (NT$102,105 Mil) to Dec. 2023 (NT$91,005 Mil).

Cathay Financial Holding Co's annual accounts payable & accrued expense declined from Dec. 2021 (NT$84,399 Mil) to Dec. 2022 (NT$78,272 Mil) but then increased from Dec. 2022 (NT$78,272 Mil) to Dec. 2023 (NT$91,005 Mil).

Cathay Financial Holding Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Cathay Financial Holding Co'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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Cathay Financial Holding Co Accounts Payable & Accrued Expense Chart

Cathay Financial Holding Co Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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70,209.55

89,325.59

84,398.67

78,271.80

91,005.04

Cathay Financial Holding Co 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															78,271.80	81,398.81	116,632.88	102,104.61	91,005.04

Cathay Financial Holding Co 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.

Cathay Financial Holding Co (TPE:2882) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Cathay Financial Holding Co Ltd (TPE:2882) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

2882B.PFD:Taiwan 2882A.PFD:Taiwan

Address

No. 296, Section 4, Renai Road, Da'an District, Taipei, TWN, 106

Website

https://www.cathayholdings.com

Cathay Financial Holding Co Ltd is a financial holding company that primarily serves the Taiwan market. The scope of its business is limited by the operation of law to the investment and management of financial services enterprises. The company is a hub for financial services primarily in insurance and banking, and secondarily in asset management. Cathay Financial Holding emphasizes cross-selling and information technology integration in its business model. most of its insurance business, which constitutes approximately half of the company's revenue mix, is related to life insurance. Its banking business, which makes up nearly the other half of its business, is mostly related to consumer and corporate banking.

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