Challenger (Challenger) Accounts Payable & Accrued Expense : $649.5 Mil (As of Dec. 2023)

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What is Challenger Accounts Payable & Accrued Expense?

Challenger's quarterly accounts payable & accrued expense declined from Dec. 2022 ($642.2 Mil) to Jun. 2023 ($573.6 Mil) but then increased from Jun. 2023 ($573.6 Mil) to Dec. 2023 ($649.5 Mil).

Challenger's annual accounts payable & accrued expense declined from Jun. 2021 ($1,333.4 Mil) to Jun. 2022 ($510.3 Mil) but then increased from Jun. 2022 ($510.3 Mil) to Jun. 2023 ($573.6 Mil).

Challenger Accounts Payable & Accrued Expense Historical Data

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

Challenger Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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811.25

1,132.44

1,333.41

510.33

573.56

Challenger Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															582.48	510.33	642.17	573.56	649.53

Challenger 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.

Challenger (Challenger) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Challenger Ltd (OTCPK:CFIGY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CFIGF:USA CGFPC.PFD:Australia CGFPB.PFD:Australia CGF:Australia

Address

5 Martin Place, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.challenger.com.au

Challenger's core business is selling annuity products in the Australian retirement market and, since November 2016, selling Australian dollar-denominated annuities into Japan's large retirement market. The firm's annuity products provide investors guaranteed regular payments over an agreed term for an up-front lump sum investment and is designed primarily to protect investors from the longevity risk of outliving their savings. Challenger also operates a funds management business, Fidante Partners, which has minority stakes in several boutique global investment managers, and Challenger Investment Management, which primarily manages investments supporting its annuities business.