Solution Financial (TSX:SFI) Accounts Payable & Accrued Expense : C$0.36 Mil (As of Jan. 2024)

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What is Solution Financial Accounts Payable & Accrued Expense?

Solution Financial's quarterly accounts payable & accrued expense declined from Jul. 2023 (C$0.53 Mil) to Oct. 2023 (C$0.43 Mil) and declined from Oct. 2023 (C$0.43 Mil) to Jan. 2024 (C$0.36 Mil).

Solution Financial's annual accounts payable & accrued expense increased from Oct. 2021 (C$0.22 Mil) to Oct. 2022 (C$0.44 Mil) but then declined from Oct. 2022 (C$0.44 Mil) to Oct. 2023 (C$0.43 Mil).

Solution Financial Accounts Payable & Accrued Expense Historical Data

The historical data trend for Solution Financial'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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Solution Financial Accounts Payable & Accrued Expense Chart

Solution Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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0.21

0.22

0.44

0.43

Solution Financial 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															0.93	0.80	0.53	0.43	0.36

Solution Financial 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.

Solution Financial (TSX:SFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

Executives

John Randall Smyth

Director

Solution Financial (TSX:SFI) Headlines

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