Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Accounts Payable & Accrued Expense : KWD4.42 Mil (As of Dec. 2023)

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What is Kuwait And Middle East Financial Investment Co Accounts Payable & Accrued Expense?

Kuwait And Middle East Financial Investment Co's quarterly accounts payable & accrued expense declined from Jun. 2023 (KWD8.00 Mil) to Sep. 2023 (KWD7.96 Mil) and declined from Sep. 2023 (KWD7.96 Mil) to Dec. 2023 (KWD4.42 Mil).

Kuwait And Middle East Financial Investment Co's annual accounts payable & accrued expense increased from Dec. 2021 (KWD2.91 Mil) to Dec. 2022 (KWD5.50 Mil) but then declined from Dec. 2022 (KWD5.50 Mil) to Dec. 2023 (KWD4.42 Mil).

Kuwait And Middle East Financial Investment Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Kuwait And Middle East Financial Investment Co'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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Kuwait And Middle East Financial Investment Co Accounts Payable & Accrued Expense Chart

Kuwait And Middle East Financial Investment Co Annual Data

Trend

Dec14

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Dec23

Accounts Payable & Accrued Expense

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1.06

4.08

2.91

5.50

4.42

Kuwait And Middle East Financial Investment Co 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															5.50	7.51	8.00	7.96	4.42

Kuwait And Middle East Financial Investment Co 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.

Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kuwait And Middle East Financial Investment Co (KUW:KMEFIC) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

Arabian Gulf Street, Khalid Tower, Block 1, Building No.1, Al-Qibla – First Commercial District, Kuwait, KWT, 13009

Website

https://www.kmefic.com.kw

Kuwait And Middle East Financial Investment Co is a Kuwait-based asset management company. The business activity of the group functions through Asset Management, Brokerage and Online Trading, Credit Operations, and Investment and Treasury segments of which it generates the majority of revenue from Asset Management segments. The Asset Management segment is engaged in providing third-party fund and portfolio management services on a fiduciary basis. Besides, the firm is also engaged in other activities such as providing margin loans, money market placements, real estate activities, and proprietary trading in equity stocks and funds. Geographically, the business presence of the firm is seen in both Kuwait and the international market.

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