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Lichen China (Lichen China) Accounts Payable & Accrued Expense : $2.87 Mil (As of Dec. 2023)


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What is Lichen China Accounts Payable & Accrued Expense?

Lichen China's quarterly accounts payable & accrued expense declined from Dec. 2022 ($3.32 Mil) to Jun. 2023 ($1.84 Mil) but then increased from Jun. 2023 ($1.84 Mil) to Dec. 2023 ($2.87 Mil).

Lichen China's annual accounts payable & accrued expense declined from Dec. 2021 ($4.32 Mil) to Dec. 2022 ($3.32 Mil) and declined from Dec. 2022 ($3.32 Mil) to Dec. 2023 ($2.87 Mil).

Lichen China Accounts Payable & Accrued Expense Historical Data

The historical data trend for Lichen China'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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Lichen China Accounts Payable & Accrued Expense Chart

Lichen China Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
4.08 4.32 3.32 2.87

Lichen China Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 4.32 4.27 3.32 1.84 2.87

Lichen China 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.

Lichen China (Lichen China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
N/A
Address
888 Century Avenue Meiling Street, Tower 3, Jinjiang Wanda Plaza Commercial Complex, B2306, Block B, Fujian Province, Jinjiang, CHN, 362000
Website
https://www.lichenzx.com
Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.