GABPJ.PFD (Gabelli Equity Trust) Accounts Payable & Accrued Expense : $2.41 Mil (As of Jun. 2024)

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What is Gabelli Equity Trust Accounts Payable & Accrued Expense?

Gabelli Equity Trust's quarterly accounts payable & accrued expense increased from Jun. 2023 ($2.93 Mil) to Dec. 2023 ($44.31 Mil) but then declined from Dec. 2023 ($44.31 Mil) to Jun. 2024 ($2.41 Mil).

Gabelli Equity Trust's annual accounts payable & accrued expense increased from Dec. 2021 ($4.60 Mil) to Dec. 2022 ($6.26 Mil) and increased from Dec. 2022 ($6.26 Mil) to Dec. 2023 ($44.31 Mil).

Gabelli Equity Trust Accounts Payable & Accrued Expense Historical Data

The historical data trend for Gabelli Equity Trust'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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Gabelli Equity Trust Accounts Payable & Accrued Expense Chart

Gabelli Equity Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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20.13

5.27

4.60

6.26

44.31

Gabelli Equity Trust Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										2.45	6.26	2.93	44.31	2.41

Gabelli Equity Trust 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.

Gabelli Equity Trust Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gabelli Equity Trust Inc (NYSE:GABpJ.PFD) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

GABpK.PFD:USA GABpH.PFD:USA GABpG.PFD:USA GAB:USA

Address

One Corporate Center, Rye, NY, USA, 10580-1422

Website

https://www.gabelli.com

Gabelli Equity Trust Inc is a non-diversified closed-end management investment company. Its primary investment objective is the long-term growth of capital with income as a secondary objective. The Fund invests at least its assets in equity securities under normal market conditions. Its equity portfolio includes common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. The company invests in various sectors, of which Food & Beverage, Financial Services, Equipment and Supplies, Entertainment, Consumer Products, Health Care, Diversified Industrial, Business Services, Consumer Services and others.