Margaret Lake Diamonds (TSXV:DIA) Accounts Payable & Accrued Expense : C$0.57 Mil (As of Nov. 2023)

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What is Margaret Lake Diamonds Accounts Payable & Accrued Expense?

Margaret Lake Diamonds's quarterly accounts payable & accrued expense declined from May. 2023 (C$0.50 Mil) to Aug. 2023 (C$0.50 Mil) but then increased from Aug. 2023 (C$0.50 Mil) to Nov. 2023 (C$0.57 Mil).

Margaret Lake Diamonds's annual accounts payable & accrued expense declined from May. 2021 (C$1.37 Mil) to May. 2022 (C$1.16 Mil) and declined from May. 2022 (C$1.16 Mil) to May. 2023 (C$0.50 Mil).

Margaret Lake Diamonds Accounts Payable & Accrued Expense Historical Data

The historical data trend for Margaret Lake Diamonds'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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Margaret Lake Diamonds Accounts Payable & Accrued Expense Chart

Margaret Lake Diamonds Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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0.08

0.98

1.37

1.16

0.50

Margaret Lake Diamonds Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.55	0.52	0.50	0.50	0.57

Margaret Lake Diamonds 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.

Margaret Lake Diamonds (TSXV:DIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Margaret Lake Diamonds Inc (TSXV:DIA) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

550 Burrard Street, Suite 1008, Vancouver, BC, CAN, V6C 2B5

Website

https://www.margaretlakediamonds.com

Margaret Lake Diamonds Inc is focused on the exploration of mineral properties that includes diamond. The company projects include Diagras Property, Morrison Property, and Cobalt Projects.