Coil Tubing Technology (Coil Tubing Technology) Accounts Payable & Accrued Expense : $0.35 Mil (As of Sep. 2015)

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What is Coil Tubing Technology Accounts Payable & Accrued Expense?

Coil Tubing Technology's quarterly accounts payable & accrued expense declined from Mar. 2015 ($0.57 Mil) to Jun. 2015 ($0.34 Mil) but then increased from Jun. 2015 ($0.34 Mil) to Sep. 2015 ($0.35 Mil).

Coil Tubing Technology's annual accounts payable & accrued expense declined from Dec. 2012 ($0.64 Mil) to Dec. 2013 ($0.44 Mil) but then increased from Dec. 2013 ($0.44 Mil) to Dec. 2014 ($0.58 Mil).

Coil Tubing Technology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Coil Tubing Technology'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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Coil Tubing Technology Accounts Payable & Accrued Expense Chart

Coil Tubing Technology Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Accounts Payable & Accrued Expense

1.58

0.64

0.44

0.58

Coil Tubing Technology Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial											0.85	0.58	0.57	0.34	0.35

Coil Tubing Technology 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.

Coil Tubing Technology (Coil Tubing Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coil Tubing Technology Inc (OTCPK:CTBG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

22305 Gosling Road, Spring, TX, USA, 77389

Website

http://www.coiltubingtechnology.com

Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.

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