Tuscany International Drilling, (FRA:TS1) Accounts Payable & Accrued Expense : €42.1 Mil (As of Mar. 2014)

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What is Tuscany International Drilling, Accounts Payable & Accrued Expense?

Tuscany International Drilling,'s quarterly accounts payable & accrued expense increased from Sep. 2013 (€53.0 Mil) to Dec. 2013 (€60.5 Mil) but then declined from Dec. 2013 (€60.5 Mil) to Mar. 2014 (€42.1 Mil).

Tuscany International Drilling,'s annual accounts payable & accrued expense declined from Dec. 2011 (€56.0 Mil) to Dec. 2012 (€55.0 Mil) but then increased from Dec. 2012 (€55.0 Mil) to Dec. 2013 (€60.5 Mil).

Tuscany International Drilling, Accounts Payable & Accrued Expense Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Accounts Payable & Accrued Expense Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Accounts Payable & Accrued Expense

3.98

15.86

56.04

55.03

60.51

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															51.43	51.48	53.01	60.51	42.11

Tuscany International Drilling, 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.

Tuscany International Drilling, (FRA:TS1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

Tuscany International Drilling, (FRA:TS1) Headlines

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