Norandaome Fund (TSX:NIF.UN) Accounts Payable & Accrued Expense : C$271 Mil (As of Sep. 2022)

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What is Norandaome Fund Accounts Payable & Accrued Expense?

Norandaome Fund's quarterly accounts payable & accrued expense increased from Mar. 2022 (C$345 Mil) to Jun. 2022 (C$358 Mil) but then declined from Jun. 2022 (C$358 Mil) to Sep. 2022 (C$271 Mil).

Norandaome Fund's annual accounts payable & accrued expense increased from Dec. 2019 (C$128 Mil) to Dec. 2020 (C$146 Mil) and increased from Dec. 2020 (C$146 Mil) to Dec. 2021 (C$246 Mil).

Norandaome Fund Accounts Payable & Accrued Expense Historical Data

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

Norandaome Fund Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Payable & Accrued Expense

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158.60

135.92

128.32

146.10

245.96

Norandaome Fund Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															152.44	245.96	344.76	358.12	271.39

Norandaome Fund 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.

Norandaome Fund (TSX:NIF.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Noranda Income Fund (TSX:NIF.UN) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

100 King Street West, First Canadian Place, Suite 6900, P.O. Box 403, Toronto, ON, CAN, M5X 1E3

Website

https://www.norandaincomefund.com

Noranda Income Fund is a Canadian based income trust. The fund owns the electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Quebec. It produces refined zinc metal and by-products from sourced zinc concentrates. The fund's long-term objective is to maximize unitholder value and provide monthly distributions to unitholders.

Norandaome Fund (TSX:NIF.UN) Headlines

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