Banco Modal (BSP:MODL4) Accounts Payable & Accrued Expense : R$74.3 Mil (As of Mar. 2023)

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What is Banco Modal Accounts Payable & Accrued Expense?

Banco Modal's quarterly accounts payable & accrued expense increased from Sep. 2022 (R$86.0 Mil) to Dec. 2022 (R$141.8 Mil) but then declined from Dec. 2022 (R$141.8 Mil) to Mar. 2023 (R$74.3 Mil).

Banco Modal's annual accounts payable & accrued expense increased from Dec. 2020 (R$30.5 Mil) to Dec. 2021 (R$79.5 Mil) and increased from Dec. 2021 (R$79.5 Mil) to Dec. 2022 (R$141.8 Mil).

Banco Modal Accounts Payable & Accrued Expense Historical Data

The historical data trend for Banco Modal'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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Banco Modal Accounts Payable & Accrued Expense Chart

Banco Modal Annual Data

Trend

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

30.47

79.46

141.83

Banco Modal Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial					103.92	80.84	86.03	141.83	74.35

Banco Modal 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.

Banco Modal (BSP:MODL4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Modal SA (BSP:MODL4) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Praia De Botafogo 501, 6th Floor, Sugar loaf Tower, Rio De Janiero, RJ, BRA, 22250-040

Website

https://www.modal.com.br

Banco Modal SA is an investment bank with operations in structuring and coordinating operations in the national market. It advises companies in strategic decision-making moments such as mergers, acquisitions, fundraising, going public, and investment opportunities. It is a limited liability corporation, whose objective is to carry out banking operations and to render the permitted services for multiservice banks with commercial, investment and foreign exchange portfolios.

Banco Modal (BSP:MODL4) Headlines

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