Meezan Bank (KAR:MEBL) Accounts Payable & Accrued Expense : ₨39,338 Mil (As of Mar. 2024)

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What is Meezan Bank Accounts Payable & Accrued Expense?

Meezan Bank's quarterly accounts payable & accrued expense declined from Sep. 2023 (₨41,914 Mil) to Dec. 2023 (₨36,204 Mil) but then increased from Dec. 2023 (₨36,204 Mil) to Mar. 2024 (₨39,338 Mil).

Meezan Bank's annual accounts payable & accrued expense increased from Dec. 2021 (₨5,178 Mil) to Dec. 2022 (₨73,731 Mil) but then declined from Dec. 2022 (₨73,731 Mil) to Dec. 2023 (₨36,204 Mil).

Meezan Bank Accounts Payable & Accrued Expense Historical Data

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

Meezan Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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6,968.33

26,494.01

5,178.49

73,731.40

36,204.50

Meezan Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															39,908.27	54,218.34	41,913.70	36,204.50	39,338.26

Meezan Bank 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.

Meezan Bank (KAR:MEBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Meezan Bank Ltd (KAR:MEBL) » Definitions » Accounts Payable & Accrued Expense

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Address

Meezan House C-25, Estate Avenue, SITE, Karachi, SD, PAK, 75730

Website

https://www.meezanbank.com

Meezan Bank Ltd is an Islamic commercial bank registered in Pakistan. It is engaged in corporate, commercial, consumer, investment and retail banking activities. The group also provides credit facilities for import finance, export re-finance, long-term finance, documentary credit requirements and project financing needs of customers. In addition, it offers investment banking solutions, commercial banking as well as providing diverse financial solutions to small and medium enterprises. Its reportable segments are Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others. The Bank operates only in Pakistan.

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