DBGF (Panex Resources) Accounts Payable & Accrued Expense : $0.21 Mil (As of Aug. 2016)

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What is Panex Resources Accounts Payable & Accrued Expense?

Panex Resources's quarterly accounts payable & accrued expense declined from Feb. 2016 ($0.06 Mil) to May. 2016 ($0.04 Mil) but then increased from May. 2016 ($0.04 Mil) to Aug. 2016 ($0.21 Mil).

Panex Resources's annual accounts payable & accrued expense declined from Aug. 2014 ($0.12 Mil) to Aug. 2015 ($0.08 Mil) but then increased from Aug. 2015 ($0.08 Mil) to Aug. 2016 ($0.21 Mil).

Panex Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Panex Resources'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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Panex Resources Accounts Payable & Accrued Expense Chart

Panex Resources Annual Data

Trend

Aug07

Aug08

Aug09

Aug10

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Accounts Payable & Accrued Expense

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0.33

0.23

0.12

0.08

0.21

Panex Resources Quarterly Data
	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.08	0.06	0.06	0.04	0.21

Panex Resources 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.

Panex Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Panex Resources Inc (OTCPK:DBGF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

504A Casabianca, 17 Bd du Larvotto, Monte Carlo, MCO, 98000

Website

http://www.panexresources.com

Panex Resources Inc is a mineral exploration company in Africa. It is engaged in the acquisition and exploration of mineral properties. The company is an exploration stage company. Its exploration program will be designed to explore for commercially viable deposits of base and precious minerals such as gold, silver, lead, barium, mercury, copper and zinc minerals.

Panex Resources Headlines

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