Grounded Lithium (TSXV:GRD) Accounts Payable & Accrued Expense : C$0.35 Mil (As of Mar. 2024)

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What is Grounded Lithium Accounts Payable & Accrued Expense?

Grounded Lithium's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$0.47 Mil) to Dec. 2023 (C$0.42 Mil) and declined from Dec. 2023 (C$0.42 Mil) to Mar. 2024 (C$0.35 Mil).

Grounded Lithium's annual accounts payable & accrued expense increased from Dec. 2021 (C$0.15 Mil) to Dec. 2022 (C$0.70 Mil) but then declined from Dec. 2022 (C$0.70 Mil) to Dec. 2023 (C$0.42 Mil).

Grounded Lithium Accounts Payable & Accrued Expense Historical Data

The historical data trend for Grounded Lithium'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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Grounded Lithium Accounts Payable & Accrued Expense Chart

Grounded Lithium Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.15

0.70

0.42

Grounded Lithium Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial							0.24	0.40	0.47	0.42	0.35

Grounded Lithium 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.

Grounded Lithium (TSXV:GRD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Grounded Lithium Corp (TSXV:GRD) » Definitions » Accounts Payable & Accrued Expense

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GRDAF:USA

Address

500, 400-5th Avenue SW, Calgary, AB, CAN, T2P 0L6

Website

https://www.groundedlithium.com

Grounded Lithium Corp is a lithium resource company focused on supplying lithium to the rapidly developing electricity-powered economy. It controls approximately 2.9 million tonnes of lithium carbonate equivalent over its focused land holdings in Southwest Saskatchewan.

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