FIFG (First Foods Group) Accounts Payable & Accrued Expense: $3.06 Mil (As of Sep. 2023)

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What is First Foods Group Accounts Payable & Accrued Expense?

First Foods Group FIFG Accounts Payable & Accrued Expense is $3.06 Mil as of Sep. 2023.

First Foods Group's quarterly accounts payable & accrued expense increased from Mar. 2023 ($2.82 Mil) to Jun. 2023 ($2.90 Mil) and increased from Jun. 2023 ($2.90 Mil) to Sep. 2023 ($3.06 Mil).

First Foods Group's annual accounts payable & accrued expense increased from Dec. 2020 ($1.11 Mil) to Dec. 2021 ($1.79 Mil) and increased from Dec. 2021 ($1.79 Mil) to Dec. 2022 ($2.63 Mil).

First Foods Group Accounts Payable & Accrued Expense Historical Data

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The historical data trend for First Foods Group'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.

First Foods Group Accounts Payable & Accrued Expense Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial 0.32 0.75 1.11 1.79 2.63

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.46 2.63 2.82 2.90 3.06

First Foods Group 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.

What does a Accounts Payable & Accrued Expense of $3.06 Mil mean?
First Foods Group (FIFG) has a Accounts Payable & Accrued Expense of $3.06 Mil as of Sep. 2023. Accounts payable and accrued expenses are amounts a company expects to pay to suppliers and others. View historical data on First Foods Group and its competitors.
Is First Foods Group's Accounts Payable & Accrued Expense too high?
First Foods Group's current Accounts Payable & Accrued Expense is $3.06 Mil.
How does First Foods Group's Accounts Payable & Accrued Expense compare to BLIS and JFIL?
First Foods Group's Accounts Payable & Accrued Expense of $3.06 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable & Accrued Expense for a Business Services company?
A good Accounts Payable & Accrued Expense depends on the Business Services industry context. However, Accounts Payable & Accrued Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable & Accrued Expense mean?
A high Accounts Payable & Accrued Expense can signal that a stock is expensive relative to its fundamentals. Accounts payable and accrued expenses are amounts a company expects to pay to suppliers and others. View historical data on First Foods Group and its competitors. First Foods Group's current Accounts Payable & Accrued Expense is $3.06 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current Accounts Payable & Accrued Expense of $3.06 Mil. The current Accounts Payable & Accrued Expense is $3.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable & Accrued Expense calculated?
Accounts Payable & Accrued Expense is calculated from a company's financial statements. For First Foods Group (FIFG), the current Accounts Payable & Accrued Expense is $3.06 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.