HITI (High Tide) Accounts Payable & Accrued Expense : $15.0 Mil (As of Jul. 2024)

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What is High Tide Accounts Payable & Accrued Expense?

High Tide's quarterly accounts payable & accrued expense increased from Jan. 2024 ($12.0 Mil) to Apr. 2024 ($15.5 Mil) but then declined from Apr. 2024 ($15.5 Mil) to Jul. 2024 ($15.0 Mil).

High Tide's annual accounts payable & accrued expense increased from Oct. 2021 ($14.8 Mil) to Oct. 2022 ($19.2 Mil) but then declined from Oct. 2022 ($19.2 Mil) to Oct. 2023 ($15.2 Mil).

High Tide Accounts Payable & Accrued Expense Historical Data

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

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Accounts Payable & Accrued Expense

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3.34

4.86

14.76

19.17

15.24

High Tide Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															-	15.24	12.03	15.50	15.02

High Tide 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.

High Tide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (NAS:HITI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

2LYA:Germany HITI:Canada

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.