Great Western Minerals Group (Great Western Minerals Group) Accounts Payable & Accrued Expense : $8.22 Mil (As of Sep. 2014)

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What is Great Western Minerals Group Accounts Payable & Accrued Expense?

Great Western Minerals Group's quarterly accounts payable & accrued expense declined from Mar. 2014 ($9.13 Mil) to Jun. 2014 ($6.49 Mil) but then increased from Jun. 2014 ($6.49 Mil) to Sep. 2014 ($8.22 Mil).

Great Western Minerals Group's annual accounts payable & accrued expense increased from Dec. 2011 ($6.61 Mil) to Dec. 2012 ($11.34 Mil) but then declined from Dec. 2012 ($11.34 Mil) to Dec. 2013 ($6.96 Mil).

Great Western Minerals Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Great Western Minerals Group'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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Great Western Minerals Group Accounts Payable & Accrued Expense Chart

Great Western Minerals Group Annual Data

Trend

Dec04

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Dec06

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Dec13

Accounts Payable & Accrued Expense

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2.80

3.89

6.61

11.34

6.96

Great Western Minerals Group Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															10.00	6.96	9.13	6.49	8.22

Great Western Minerals Group 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.

Great Western Minerals Group (Great Western Minerals Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Great Western Minerals Group Ltd (OTCPK:GWMGF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Unit 201B, 2121 Airport Drive, Saskatoon, SK, CAN, S7L 6W5

Website

http://www.gwmg.ca

Great Western Minerals Group Ltd is a Canadian-based exploration and development company, which is engaged in the exploration and development of its rare earth elements (REE) property, and the manufacturing and marketing of products containing REE. The company operates as an integrated rare earth processor which manufactures specialty alloys used in the magnet, battery, defense and aerospace industries. It holds an interest in the Steenkampskraal monazite mine, located approximately 350 kilometers northwest of Cape Town, South Africa. Further, the group also holds an interest in Hoidas Lake rare earth mineral property in Canada.

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