Omai Gold Mines (TSXV:OMG) Accounts Payable & Accrued Expense : C$1.19 Mil (As of Dec. 2023)

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What is Omai Gold Mines Accounts Payable & Accrued Expense?

Omai Gold Mines's quarterly accounts payable & accrued expense increased from Jun. 2023 (C$1.22 Mil) to Sep. 2023 (C$1.44 Mil) but then declined from Sep. 2023 (C$1.44 Mil) to Dec. 2023 (C$1.19 Mil).

Omai Gold Mines's annual accounts payable & accrued expense declined from Dec. 2021 (C$2.64 Mil) to Dec. 2022 (C$1.07 Mil) but then increased from Dec. 2022 (C$1.07 Mil) to Dec. 2023 (C$1.19 Mil).

Omai Gold Mines Accounts Payable & Accrued Expense Historical Data

The historical data trend for Omai Gold Mines'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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Omai Gold Mines Accounts Payable & Accrued Expense Chart

Omai Gold Mines Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.74

0.92

2.64

1.07

1.19

Omai Gold Mines Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										1.07	0.98	1.22	1.44	1.19

Omai Gold Mines 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.

Omai Gold Mines (TSXV:OMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Omai Gold Mines Corp (TSXV:OMG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

OMGGF:USA 0N2:Germany

Address

130 King Street West, Suite 3680, Toronto, ON, CAN, M5X 1B1

Website

https://www.omaigoldmines.com

Omai Gold Mines Corp is a mineral exploration company. Its Omai gold mine is located in Guyana, on the North coast of South America. The mine has two open pits: the Fennell pit and the Wenot pit. Its other project is Grenfell Property.

Executives

Derek Macpherson

Director