Velocity Energy (Velocity Energy) Accounts Payable & Accrued Expense : $2.38 Mil (As of Jun. 2009)

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What is Velocity Energy Accounts Payable & Accrued Expense?

Velocity Energy's quarterly accounts payable & accrued expense increased from Dec. 2008 ($1.76 Mil) to Mar. 2009 ($1.90 Mil) and increased from Mar. 2009 ($1.90 Mil) to Jun. 2009 ($2.38 Mil).

Velocity Energy's annual accounts payable & accrued expense increased from Dec. 2006 ($0.19 Mil) to Dec. 2007 ($3.27 Mil) but then declined from Dec. 2007 ($3.27 Mil) to Dec. 2008 ($1.76 Mil).

Velocity Energy Accounts Payable & Accrued Expense Historical Data

The historical data trend for Velocity Energy'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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Velocity Energy Accounts Payable & Accrued Expense Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Accounts Payable & Accrued Expense

0.16

0.19

3.27

1.76

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										0.09	0.83	1.76	1.90	2.38

Velocity Energy 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.

Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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