Canadian Banc (Canadian Banc) Accounts Payable & Accrued Expense : $20.44 Mil (As of Nov. 2023)

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What is Canadian Banc Accounts Payable & Accrued Expense?

Canadian Banc's quarterly accounts payable & accrued expense declined from Nov. 2022 ($4.85 Mil) to May. 2023 ($4.24 Mil) but then increased from May. 2023 ($4.24 Mil) to Nov. 2023 ($20.44 Mil).

Canadian Banc's annual accounts payable & accrued expense increased from Nov. 2021 ($1.95 Mil) to Nov. 2022 ($4.85 Mil) and increased from Nov. 2022 ($4.85 Mil) to Nov. 2023 ($20.44 Mil).

Canadian Banc Accounts Payable & Accrued Expense Historical Data

The historical data trend for Canadian Banc'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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Canadian Banc Accounts Payable & Accrued Expense Chart

Canadian Banc Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Accounts Payable & Accrued Expense

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1.37

1.02

1.95

4.85

20.44

Canadian Banc Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.95	2.41	4.85	4.24	20.44

Canadian Banc 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.

Canadian Banc (Canadian Banc) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Canadian Banc Corp (OTCPK:CNDCF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

BK.PR.A.PFD:Canada BK:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.

Canadian Banc (Canadian Banc) Headlines

From GuruFocus

Canadian Banc Corp. At-The-Market Equity Program Renewed

By GlobeNewswire • 01-19-2024

Canadian Banc Corp. Financial Results to May 31, 2023

By GlobeNewswire • 07-26-2023

Canadian Banc Corp. Financial Results to November 30, 2022

By GlobeNewswire GlobeNewswire • 02-24-2023

CANADIAN BANC CORP. Financial Results to May 31, 2021

By GlobeNewswire GlobeNewswire • 07-24-2021