PowerBand Solutions (TSXV:PBX) Accounts Payable & Accrued Expense

: C$13.05 Mil (As of Sep. 2023)

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PowerBand Solutions's quarterly accounts payable & accrued expense declined from Mar. 2023 (C$9.98 Mil) to Jun. 2023 (C$0.00 Mil) but then increased from Jun. 2023 (C$0.00 Mil) to Sep. 2023 (C$13.05 Mil).

PowerBand Solutions's annual accounts payable & accrued expense increased from Dec. 2020 (C$7.78 Mil) to Dec. 2021 (C$8.06 Mil) but then declined from Dec. 2021 (C$8.06 Mil) to Dec. 2022 (C$4.91 Mil).

PowerBand Solutions Accounts Payable & Accrued Expense Historical Data

The historical data trend for PowerBand Solutions'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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PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

0.85

3.88

7.78

8.06

4.91

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense																7.92	4.91	9.98	-	13.05

PowerBand Solutions 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.

PowerBand Solutions (TSXV:PBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » Accounts Payable & Accrued Expense

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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