CLS Holdings USA (XCNQ:CLSH) Accounts Payable & Accrued Expense : C$15.55 Mil (As of Feb. 2024)

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What is CLS Holdings USA Accounts Payable & Accrued Expense?

CLS Holdings USA's quarterly accounts payable & accrued expense increased from Aug. 2023 (C$15.31 Mil) to Nov. 2023 (C$16.81 Mil) but then declined from Nov. 2023 (C$16.81 Mil) to Feb. 2024 (C$15.55 Mil).

CLS Holdings USA's annual accounts payable & accrued expense increased from May. 2021 (C$5.30 Mil) to May. 2022 (C$9.35 Mil) and increased from May. 2022 (C$9.35 Mil) to May. 2023 (C$13.67 Mil).

CLS Holdings USA Accounts Payable & Accrued Expense Historical Data

The historical data trend for CLS Holdings USA'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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CLS Holdings USA Accounts Payable & Accrued Expense Chart

CLS Holdings USA Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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2.48

1.95

5.30

9.35

13.67

CLS Holdings USA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															12.94	13.67	15.31	16.81	15.55

CLS Holdings USA 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.

CLS Holdings USA (XCNQ:CLSH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CLS Holdings USA Inc (XCNQ:CLSH) » Definitions » Accounts Payable & Accrued Expense

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CLSH:USA

Address

1800 Industrial Road, Suite 100, Las Vegas, NV, USA, 89102

Website

https://www.clsholdingsinc.com

CLS Holdings USA Inc is a diversified cannabis company that acts as an integrated cannabis producer and retailer through its Oasis Cannabis subsidiaries in Nevada and plans to expand to other states. CLS stands for Cannabis Life Sciences in recognition of the company's patented proprietary method of extracting various cannabinoids from the marijuana plant and converting them into products with a higher level of quality and consistency. The company's business model includes licensing operations, processing operations, processing facilities, sale of products, brand creation and consulting services. The company generates the majority of its revenues and corresponding accounts receivable from the sale of cannabis, and cannabis related products.