Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Accounts Payable & Accrued Expense : KWD67.5 Mil (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Accounts Payable & Accrued Expense?

Ali Alghanim Sons Automotive Co KSC's quarterly accounts payable & accrued expense declined from Sep. 2023 (KWD46.6 Mil) to Dec. 2023 (KWD42.1 Mil) but then increased from Dec. 2023 (KWD42.1 Mil) to Mar. 2024 (KWD67.5 Mil).

Ali Alghanim Sons Automotive Co KSC's annual accounts payable & accrued expense increased from Dec. 2021 (KWD25.2 Mil) to Dec. 2022 (KWD43.2 Mil) but then declined from Dec. 2022 (KWD43.2 Mil) to Dec. 2023 (KWD42.1 Mil).

Ali Alghanim Sons Automotive Co KSC Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Accounts Payable & Accrued Expense Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

25.18

43.25

42.12

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial							51.34	53.40	46.61	42.12	67.51

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.