Innovex Downhole Solutions (Innovex Downhole Solutions) Accounts Payable & Accrued Expense : $68.45 Mil (As of Sep. 2023)

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What is Innovex Downhole Solutions Accounts Payable & Accrued Expense?

Innovex Downhole Solutions's quarterly accounts payable & accrued expense increased from Sep. 2022 ($0.00 Mil) to Dec. 2022 ($66.12 Mil) and increased from Dec. 2022 ($66.12 Mil) to Sep. 2023 ($68.45 Mil).

Innovex Downhole Solutions's annual accounts payable & accrued expense increased from . 20 ($0.00 Mil) to Dec. 2021 ($59.82 Mil) and increased from Dec. 2021 ($59.82 Mil) to Dec. 2022 ($66.12 Mil).

Innovex Downhole Solutions Accounts Payable & Accrued Expense Historical Data

The historical data trend for Innovex Downhole Solutions'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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Innovex Downhole Solutions Accounts Payable & Accrued Expense Chart

Innovex Downhole Solutions Annual Data

Trend

Dec21

Dec22

Accounts Payable & Accrued Expense

59.82

66.12

Innovex Downhole Solutions Quarterly Data
	Dec21	Sep22	Dec22	Sep23
Accounts Payable & Accrued Expense	59.82	-	66.12	68.45

Innovex Downhole Solutions 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.

Innovex Downhole Solutions (Innovex Downhole Solutions) Business Description

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GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Innovex Downhole Solutions Inc (NYSE:INVX) » Definitions » Accounts Payable & Accrued Expense

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Innovex Downhole Solutions Inc designs, manufactures, sells and rents mission critical engineered products to the global oil and natural gas industry. Its products include Well head system, Drilling and development, Well construction, Well completion, Production solution and fishing and intervention.

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