GRVE (Groove Botanicals) Accounts Payable & Accrued Expense : $1.03 Mil (As of Dec. 2024)

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What is Groove Botanicals Accounts Payable & Accrued Expense?

Groove Botanicals's quarterly accounts payable & accrued expense increased from Jun. 2024 ($0.86 Mil) to Sep. 2024 ($0.95 Mil) and increased from Sep. 2024 ($0.95 Mil) to Dec. 2024 ($1.03 Mil).

Groove Botanicals's annual accounts payable & accrued expense declined from Mar. 2017 ($0.87 Mil) to Mar. 2023 ($0.35 Mil) but then increased from Mar. 2023 ($0.35 Mil) to Mar. 2024 ($0.76 Mil).

Groove Botanicals Accounts Payable & Accrued Expense Historical Data

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

Groove Botanicals Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar23

Mar24

Accounts Payable & Accrued Expense

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0.69

0.62

0.87

0.35

0.76

Groove Botanicals Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.65	0.76	0.86	0.95	1.03

Groove Botanicals 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.

Groove Botanicals Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

310 Fourth Avenue South, Suite 7000, Minneapolis, MN, USA, 55415

Website

http://www.avalonoilinc.com

Groove Botanicals Inc is Nevada Based corporation which engage its business development and asset acquisitions. The company also plan plan to assemble a portfolio of early-stage EV Battery Technologies developed from Universities in Norway, Sweden and Finland, and seek grants from the State of Minnesota.and the company previously engaged in oil and gas Production.

Executives

Utek Corp

10 percent owner

2109 PALM AVENUE, TAMPA FL 33605

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