GNOLF (Genoil) Accounts Payable & Accrued Expense : $0.20 Mil (As of Jun. 2024)

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What is Genoil Accounts Payable & Accrued Expense?

Genoil's quarterly accounts payable & accrued expense increased from Dec. 2023 ($0.17 Mil) to Mar. 2024 ($0.17 Mil) and increased from Mar. 2024 ($0.17 Mil) to Jun. 2024 ($0.20 Mil).

Genoil's annual accounts payable & accrued expense increased from Dec. 2021 ($4.25 Mil) to Dec. 2022 ($5.79 Mil) but then declined from Dec. 2022 ($5.79 Mil) to Dec. 2023 ($0.17 Mil).

Genoil Accounts Payable & Accrued Expense Historical Data

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

Genoil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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6.18

3.10

4.25

5.79

0.17

Genoil Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															6.45	0.16	0.17	0.17	0.20

Genoil 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.

Genoil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genoil Inc (OTCPK:GNOLF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Rockefeller Center, 11th Floor, New York, NY, USA, 10020

Website

https://www.genoil.ca

Genoil Inc is a technology development company related to the oil and gas industry. It is a provider of hydro conversion fixed bed technology for upstream and downstream oil and gas industry. The company's business activities are majorly directed to the development and commercialization of its upgrader technology, which is designed to economically convert heavy crude oil into light synthetic crude. In addition, it owns rights to several patented and proprietary technologies. It derives revenue from engineering and consulting, licensing fee / royalties and profit share. The company's geographical presence in Middle East, Russia and China.