Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Accounts Payable & Accrued Expense : KWD24.75 Mil (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Accounts Payable & Accrued Expense?

Burgan Company for Well Drilling Trading and MaintenanceK's quarterly accounts payable & accrued expense increased from Jun. 2023 (KWD26.05 Mil) to Sep. 2023 (KWD26.97 Mil) but then declined from Sep. 2023 (KWD26.97 Mil) to Dec. 2023 (KWD24.75 Mil).

Burgan Company for Well Drilling Trading and MaintenanceK's annual accounts payable & accrued expense increased from Mar. 2021 (KWD23.82 Mil) to Mar. 2022 (KWD28.09 Mil) and increased from Mar. 2022 (KWD28.09 Mil) to Mar. 2023 (KWD28.18 Mil).

Burgan Company for Well Drilling Trading and MaintenanceK Accounts Payable & Accrued Expense Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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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Burgan Company for Well Drilling Trading and MaintenanceK Accounts Payable & Accrued Expense Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Accounts Payable & Accrued Expense

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17.35

21.00

23.82

28.09

28.18

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															30.30	28.18	26.05	26.97	24.75

Burgan Company for Well Drilling Trading and MaintenanceK 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.

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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