Magna Terra Minerals (Magna Terra Minerals) Accounts Payable & Accrued Expense : $0.47 Mil (As of Nov. 2023)

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What is Magna Terra Minerals Accounts Payable & Accrued Expense?

Magna Terra Minerals's quarterly accounts payable & accrued expense increased from May. 2023 ($0.46 Mil) to Aug. 2023 ($0.64 Mil) but then declined from Aug. 2023 ($0.64 Mil) to Nov. 2023 ($0.47 Mil).

Magna Terra Minerals's annual accounts payable & accrued expense declined from Aug. 2021 ($0.54 Mil) to Aug. 2022 ($0.41 Mil) but then increased from Aug. 2022 ($0.41 Mil) to Aug. 2023 ($0.64 Mil).

Magna Terra Minerals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Magna Terra Minerals'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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Magna Terra Minerals Accounts Payable & Accrued Expense Chart

Magna Terra Minerals Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Payable & Accrued Expense

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0.75

0.74

0.54

0.41

0.64

Magna Terra Minerals Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.36	0.51	0.46	0.64	0.47

Magna Terra Minerals 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.

Magna Terra Minerals (Magna Terra Minerals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Magna Terra Minerals Inc (OTCPK:BRIOF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

MTT:Canada

Address

20 Adelaide Street East, Suite 915, Toronto, ON, CAN, M5C 2T6

Website

http://www.magnaterraminerals.com

Magna Terra Minerals Inc is a Canada-based precious metals focused exploration company. Magna Terra owns two district-scale, resource-stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Principally, it is engaged in the business of acquisition and exploration of mining properties in Argentina and Canada. Its project includes Atlantic Canada; Santa Cruz and Quebec projects.