National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Accounts Payable & Accrued Expense : د.إ538 Mil (As of Mar. 2024)

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What is National Bank of Ras Al-Khaimah PSC Accounts Payable & Accrued Expense?

National Bank of Ras Al-Khaimah PSC's quarterly accounts payable & accrued expense increased from Sep. 2023 (د.إ567 Mil) to Dec. 2023 (د.إ567 Mil) but then declined from Dec. 2023 (د.إ567 Mil) to Mar. 2024 (د.إ538 Mil).

National Bank of Ras Al-Khaimah PSC's annual accounts payable & accrued expense increased from Dec. 2021 (د.إ164 Mil) to Dec. 2022 (د.إ261 Mil) and increased from Dec. 2022 (د.إ261 Mil) to Dec. 2023 (د.إ567 Mil).

National Bank of Ras Al-Khaimah PSC Accounts Payable & Accrued Expense Historical Data

The historical data trend for National Bank of Ras Al-Khaimah PSC'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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National Bank of Ras Al-Khaimah PSC Accounts Payable & Accrued Expense Chart

National Bank of Ras Al-Khaimah PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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302.85

278.04

163.73

260.99

567.11

National Bank of Ras Al-Khaimah PSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															291.58	380.05	566.76	567.11	537.52

National Bank of Ras Al-Khaimah PSC 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.

National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » National Bank of Ras Al-Khaimah PSC (ADX:RAKBANK) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Exit No. 129, Sheikh Mohammed Bin Zayed Road, P.O. Box 5300, Al Rifa Area, The National Bank of Ras Al Khaimah Building, Ras Al-Khaimah, ARE

Website

https://rakbank.ae

National Bank of Ras Al-Khaimah PSC is engaged in providing retail and commercial banking services in the UAE. The bank has operating segments namely Personal Banking, Wholesale Banking, Business Banking, Treasury and Insurance. It generates maximum revenue from the Retail banking segment. The company offers current, savings, call, and fixed deposit accounts, debit cards, credit cards, personal loans, and home loans among other services.

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