Element 29 Resources (Element 29 Resources) Accounts Payable & Accrued Expense : $0.16 Mil (As of Mar. 2024)

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What is Element 29 Resources Accounts Payable & Accrued Expense?

Element 29 Resources's quarterly accounts payable & accrued expense declined from Sep. 2023 ($0.12 Mil) to Dec. 2023 ($0.10 Mil) but then increased from Dec. 2023 ($0.10 Mil) to Mar. 2024 ($0.16 Mil).

Element 29 Resources's annual accounts payable & accrued expense declined from Dec. 2021 ($0.59 Mil) to Dec. 2022 ($0.31 Mil) and declined from Dec. 2022 ($0.31 Mil) to Dec. 2023 ($0.10 Mil).

Element 29 Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Element 29 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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Element 29 Resources Accounts Payable & Accrued Expense Chart

Element 29 Resources Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1.25

0.16

0.59

0.31

0.10

Element 29 Resources Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial													0.31	0.11	0.12	0.10	0.16

Element 29 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.

Element 29 Resources (Element 29 Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Element 29 Resources Inc (OTCPK:EMTRF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

2IK:Germany ECU:Canada

Address

1650 - 1066 West Hastings Street, Vancouver, BC, CAN, V6C3X1

Website

https://www.e29copper.com

Element 29 Resources Inc is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties. Its projects include the Flor de Cobre copper project and the Elida copper Project, among others. It has one business segment, the exploration of mineral properties. The company's properties are located in Peru.

Element 29 Resources (Element 29 Resources) Headlines

From GuruFocus

Element 29 Resources Inc at OTC Markets Battery & Precious Metals Virtual Investor Conference Transcript

By GuruFocus Research • 02-13-2024