HSNGF (Hang Seng Bank) Accounts Payable & Accrued Expense : $342 Mil (As of Jun. 2024)

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What is Hang Seng Bank Accounts Payable & Accrued Expense?

Hang Seng Bank's quarterly accounts payable & accrued expense increased from Jun. 2023 ($122 Mil) to Dec. 2023 ($127 Mil) and increased from Dec. 2023 ($127 Mil) to Jun. 2024 ($342 Mil).

Hang Seng Bank's annual accounts payable & accrued expense declined from Dec. 2021 ($77 Mil) to Dec. 2022 ($50 Mil) but then increased from Dec. 2022 ($50 Mil) to Dec. 2023 ($127 Mil).

Hang Seng Bank Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hang Seng Bank'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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Hang Seng Bank Accounts Payable & Accrued Expense Chart

Hang Seng Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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532.90

36.38

77.32

49.97

126.76

Hang Seng Bank Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															94.80	49.97	121.79	126.76	341.87

Hang Seng Bank 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.

Hang Seng Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hang Seng Bank Ltd (OTCPK:HSNGF) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

HSNGY:USA 00011:Hong Kong HSB:Germany

Address

83 Des Voeux Road Central, Hong kong, HKG

Website

https://www.hangseng.com

Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments: retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.