Velocity Energy (Velocity Energy) Change In Payables And Accrued Expense : $-0.34 Mil (TTM As of Jun. 2009)

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What is Velocity Energy Change In Payables And Accrued Expense?

Velocity Energy's Change In Payables And Accrued Expense for the quarter that ended in Jun. 2009 was $0.49 Mil. It means Velocity Energy's Accounts Payable & Accrued Expense increased by $0.49 Mil from Mar. 2009 to Jun. 2009 .

Velocity Energy's Change In Payables And Accrued Expense for the fiscal year that ended in Dec. 2008 was $-4.20 Mil. It means Velocity Energy's Accounts Payable & Accrued Expense declined by $4.20 Mil from Dec. 2007 to Dec. 2008 .

Velocity Energy Change In Payables And Accrued Expense Historical Data

The historical data trend for Velocity Energy's Change In Payables And 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 Change In Payables And Accrued Expense Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Change In Payables And Accrued Expense

0.11

0.03

0.33

-4.20

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Change In Payables And Accrued Expense	Get a 7-Day Free Trial										-0.53	0.19	-1.15	0.13	0.49

Velocity Energy Change In Payables And Accrued Expense Calculation

Change In Payables And Accrued Expense is the increase or decrease between periods of the Accounts Payable & Accrued Expense. Accrued expenses represent expenses incurred at the end of the reporting period but not yet paid; also called accrued liabilities. The accrued liability is shown under Liabilities section in the balance sheet.

Change In Payables And Accrued Expense for the trailing twelve months (TTM) ended in Jun. 2009 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.34 Mil.

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Change In Payables And 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

Velocity Energy (Velocity Energy) Headlines

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