Cathedral Energy Services (Cathedral Energy Services) Accounts Payable & Accrued Expense : $70.9 Mil (As of Dec. 2023)

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What is Cathedral Energy Services Accounts Payable & Accrued Expense?

Cathedral Energy Services's quarterly accounts payable & accrued expense increased from Jun. 2023 ($64.9 Mil) to Sep. 2023 ($72.1 Mil) but then declined from Sep. 2023 ($72.1 Mil) to Dec. 2023 ($70.9 Mil).

Cathedral Energy Services's annual accounts payable & accrued expense increased from Dec. 2021 ($8.7 Mil) to Dec. 2022 ($67.2 Mil) and increased from Dec. 2022 ($67.2 Mil) to Dec. 2023 ($70.9 Mil).

Cathedral Energy Services Accounts Payable & Accrued Expense Historical Data

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

Cathedral Energy Services Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

Accounts Payable & Accrued Expense

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8.83

3.56

8.69

67.21

70.88

Cathedral Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															67.21	66.39	64.94	72.05	70.88

Cathedral Energy Services 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.

Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cathedral Energy Services Ltd (OTCPK:CETEF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.