Parex Resources (TSX:PXT) Accounts Payable & Accrued Expense : C$338 Mil (As of Dec. 2023)

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What is Parex Resources Accounts Payable & Accrued Expense?

Parex Resources's quarterly accounts payable & accrued expense declined from Jun. 2023 (C$423 Mil) to Sep. 2023 (C$394 Mil) and declined from Sep. 2023 (C$394 Mil) to Dec. 2023 (C$338 Mil).

Parex Resources's annual accounts payable & accrued expense increased from Dec. 2021 (C$309 Mil) to Dec. 2022 (C$680 Mil) but then declined from Dec. 2022 (C$680 Mil) to Dec. 2023 (C$338 Mil).

Parex Resources Accounts Payable & Accrued Expense Historical Data

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

Parex Resources Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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267.96

147.85

308.60

680.09

338.28

Parex Resources Quarterly Data
	Mar19	Jun19	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															680.09	673.84	423.17	394.44	338.28

Parex Resources 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.

Parex Resources (TSX:PXT) Business Description

Industry

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PARXF:USA QPX:Germany

Address

2700 Eighth Avenue Place, West Tower, 585 - 8th Avenue SW, Calgary, AB, CAN, T2P 1G1

Website

https://www.parexresources.com

Parex Resources Inc engages in exploration, development, and production of crude oil. The company brings technology utilized in the Western Canada Sedimentary Basin to South American basins with large oil-in-place potential. Majority of the company's properties are focused in Colombia, where it pays a royalty or tax to the government for its operations. Parex depends on a team of geologists and geophysicists, in partnership with technologies such as 3D seismic surveying, to help exploration efforts. Oil production is sold to a small basket of participants in South and North America.

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