Loop Energy (TSX:LPEN) Accounts Payable & Accrued Expense : C$2.62 Mil (As of Dec. 2023)

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What is Loop Energy Accounts Payable & Accrued Expense?

Loop Energy's quarterly accounts payable & accrued expense declined from Jun. 2023 (C$4.64 Mil) to Sep. 2023 (C$3.41 Mil) and declined from Sep. 2023 (C$3.41 Mil) to Dec. 2023 (C$2.62 Mil).

Loop Energy's annual accounts payable & accrued expense increased from Dec. 2021 (C$2.85 Mil) to Dec. 2022 (C$3.94 Mil) but then declined from Dec. 2022 (C$3.94 Mil) to Dec. 2023 (C$2.62 Mil).

Loop Energy Accounts Payable & Accrued Expense Historical Data

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

Loop Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.72

2.52

2.85

3.94

2.62

Loop Energy Quarterly Data
	Dec17	Dec18	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															3.94	4.68	4.64	3.41	2.62

Loop Energy 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.

Loop Energy (TSX:LPEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loop Energy Inc (TSX:LPEN) » Definitions » Accounts Payable & Accrued Expense

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LPENF:USA

Address

2880 Production Way, Burnaby, BC, CAN, V5A 4T6

Website

https://www.loopenergy.com

Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

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