Stornoway Diamond (TSX:SWY) Accounts Payable & Accrued Expense : C$34.0 Mil (As of Jun. 2019)

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What is Stornoway Diamond Accounts Payable & Accrued Expense?

Stornoway Diamond's quarterly accounts payable & accrued expense increased from Dec. 2018 (C$35.8 Mil) to Mar. 2019 (C$44.5 Mil) but then declined from Mar. 2019 (C$44.5 Mil) to Jun. 2019 (C$34.0 Mil).

Stornoway Diamond's annual accounts payable & accrued expense declined from Dec. 2016 (C$34.9 Mil) to Dec. 2017 (C$29.2 Mil) but then increased from Dec. 2017 (C$29.2 Mil) to Dec. 2018 (C$35.8 Mil).

Stornoway Diamond Accounts Payable & Accrued Expense Historical Data

The historical data trend for Stornoway Diamond'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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Stornoway Diamond Accounts Payable & Accrued Expense Chart

Stornoway Diamond Annual Data

Trend

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Dec18

Accounts Payable & Accrued Expense

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9.16

53.52

34.87

29.22

35.81

Stornoway Diamond Quarterly Data
	Jul14	Oct14	Jan15	Apr15	Jul15	Oct15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															37.00	45.10	35.81	44.46	34.03

Stornoway Diamond 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.

Stornoway Diamond (TSX:SWY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Stornoway Diamond Corp (TSX:SWY) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

1111 St. Charles Street West, Tour Ouest, Suite 400, Longueuil, QC, CAN, J4K 5G4

Website

http://www.stornowaydiamonds.com

Stornoway Diamond Corp is a leading Canadian diamond exploration and producing company. Its principal business is the development of its flagship asset, the fully-owned Renard Mine, located in Quebec, Canada. The company intends to grow its business through the exploration and development of its mines. Stornoway also holds interests in a portfolio of exploration assets across Canada through owned properties and joint ventures. These properties and joint ventures include projects such as Adamantin, Qilalugaq and Pikoo.

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