Sotherly Hotels (FRA:MCL) Accounts Payable & Accrued Expense : €23.3 Mil (As of Dec. 2023)

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What is Sotherly Hotels Accounts Payable & Accrued Expense?

Sotherly Hotels's quarterly accounts payable & accrued expense declined from Jun. 2023 (€27.3 Mil) to Sep. 2023 (€26.3 Mil) and declined from Sep. 2023 (€26.3 Mil) to Dec. 2023 (€23.3 Mil).

Sotherly Hotels's annual accounts payable & accrued expense declined from Dec. 2021 (€35.5 Mil) to Dec. 2022 (€28.1 Mil) and declined from Dec. 2022 (€28.1 Mil) to Dec. 2023 (€23.3 Mil).

Sotherly Hotels Accounts Payable & Accrued Expense Historical Data

The historical data trend for Sotherly Hotels'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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Sotherly Hotels Accounts Payable & Accrued Expense Chart

Sotherly Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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21.96

32.81

35.48

28.12

23.30

Sotherly Hotels Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															27.86	27.32	26.28	23.30	25.64

Sotherly Hotels 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.

Sotherly Hotels (FRA:MCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Sotherly Hotels Inc (FRA:MCL) » Definitions » Accounts Payable & Accrued Expense

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Address

306 South Henry Street, Suite 100, Williamsburg, VA, USA, 23185

Website

https://www.sotherlyhotels.com

Sotherly Hotels Inc is engaged in Hotel operations. The company is a self-managed and self-administered lodging real estate investment trust that was formed to own, acquire, renovate, and reposition full-service, upscale, and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. It generates revenue through the rooms, food, beverage, and other services. Geographically, the group has its presence in the regions of Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

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