Veritas Farms (Veritas Farms) Accounts Payable & Accrued Expense : $3.71 Mil (As of Sep. 2023)

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What is Veritas Farms Accounts Payable & Accrued Expense?

Veritas Farms's quarterly accounts payable & accrued expense increased from Mar. 2023 ($2.68 Mil) to Jun. 2023 ($3.00 Mil) and increased from Jun. 2023 ($3.00 Mil) to Sep. 2023 ($3.71 Mil).

Veritas Farms's annual accounts payable & accrued expense declined from Dec. 2020 ($2.45 Mil) to Dec. 2021 ($1.79 Mil) but then increased from Dec. 2021 ($1.79 Mil) to Dec. 2022 ($2.39 Mil).

Veritas Farms Accounts Payable & Accrued Expense Historical Data

The historical data trend for Veritas Farms'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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Veritas Farms Accounts Payable & Accrued Expense Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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0.37

1.64

2.45

1.79

2.39

Veritas Farms Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.09	2.39	2.68	3.00	3.71

Veritas Farms 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.

Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.