HTCO (High-Trend International Group) Accounts Payable & Accrued Expense : $7.7 Mil (As of Oct. 2024)

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What is High-Trend International Group Accounts Payable & Accrued Expense?

High-Trend International Group's quarterly accounts payable & accrued expense increased from Oct. 2023 ($6.4 Mil) to Apr. 2024 ($13.1 Mil) but then declined from Apr. 2024 ($13.1 Mil) to Oct. 2024 ($7.7 Mil).

High-Trend International Group's annual accounts payable & accrued expense declined from Oct. 2022 ($9.9 Mil) to Oct. 2023 ($6.4 Mil) but then increased from Oct. 2023 ($6.4 Mil) to Oct. 2024 ($7.7 Mil).

High-Trend International Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for High-Trend International Group'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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High-Trend International Group Accounts Payable & Accrued Expense Chart

High-Trend International Group Annual Data

Trend

Oct20

Oct21

Oct22

Oct23

Oct24

Accounts Payable & Accrued Expense

7.43

6.82

9.86

6.41

7.67

High-Trend International Group Semi-Annual Data
	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24	Oct24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				9.86	4.95	6.41	13.05	7.67

High-Trend International Group 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.

High-Trend International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » High-Trend International Group (NAS:HTCO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, No. 06-17, Paya Lebar Square, Hong Kong, SGP, 409051

Website

http://www.htcointl.com/index.html

High-Trend International Group formerly Caravelle International Group is an international operator of ocean transportation services. It is engaged in the seaborne transportation service under voyage contracts as well as vessel service for and on behalf of ship owners. The company has two operating segments namely, ocean transport and Heating business. The company derives the majority of its revenue from the Ocean transportation business. The company derives freight revenue from voyage contracts and provides vessel service. Majority of revenue is from providing shipping services for customers in Asia, principally in Singapore, Dubai, Korea, Japan, and India.