MGM China Holdings (MGM China Holdings) Accounts Payable & Accrued Expense : $570 Mil (As of Dec. 2023)

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What is MGM China Holdings Accounts Payable & Accrued Expense?

MGM China Holdings's quarterly accounts payable & accrued expense increased from Dec. 2022 ($293 Mil) to Jun. 2023 ($446 Mil) and increased from Jun. 2023 ($446 Mil) to Dec. 2023 ($570 Mil).

MGM China Holdings's annual accounts payable & accrued expense declined from Dec. 2021 ($396 Mil) to Dec. 2022 ($293 Mil) but then increased from Dec. 2022 ($293 Mil) to Dec. 2023 ($570 Mil).

MGM China Holdings Accounts Payable & Accrued Expense Historical Data

The historical data trend for MGM China Holdings'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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MGM China Holdings Accounts Payable & Accrued Expense Chart

MGM China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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665.15

420.54

395.67

293.17

569.66

MGM China Holdings 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															395.67	260.81	293.17	446.45	569.66

MGM China Holdings 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.

MGM China Holdings (MGM China Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » MGM China Holdings Ltd (OTCPK:MCHVF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

MCHVY:USA 02282:Hong Kong

Address

Avenida Dr. Sun Yat Sen, Edificio MGM MACAU NAPE, Macao, MAC

Website

https://en.mgmchinaholdings.com

MGM China is one of six casino license holders in Macao and operates two integrated resorts: the MGM Macau casino in the Macao Peninsula and MGM Cotai. The company is allowed to operate 750 gaming tables during its new 10-year concession period of 2023-32.