M&G Creditome Investment Trust (LSE:MGCI) Accounts Payable & Accrued Expense : £3.07 Mil (As of Dec. 2023)

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What is M&G Creditome Investment Trust Accounts Payable & Accrued Expense?

M&G Creditome Investment Trust's quarterly accounts payable & accrued expense increased from Dec. 2022 (£2.11 Mil) to Jun. 2023 (£3.91 Mil) but then declined from Jun. 2023 (£3.91 Mil) to Dec. 2023 (£3.07 Mil).

M&G Creditome Investment Trust's annual accounts payable & accrued expense increased from Dec. 2021 (£1.09 Mil) to Dec. 2022 (£2.11 Mil) and increased from Dec. 2022 (£2.11 Mil) to Dec. 2023 (£3.07 Mil).

M&G Creditome Investment Trust Accounts Payable & Accrued Expense Historical Data

The historical data trend for M&G Creditome Investment Trust'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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M&G Creditome Investment Trust Accounts Payable & Accrued Expense Chart

M&G Creditome Investment Trust Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

1.05

2.31

1.09

2.11

3.07

M&G Creditome Investment Trust Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			1.09	4.18	2.11	3.91	3.07

M&G Creditome Investment Trust 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.

M&G Creditome Investment Trust (LSE:MGCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » M&G Credit Income Investment Trust PLC (LSE:MGCI) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

65 Gresham Street, 6th Floor, London, GBR, EC2V 7NQ

Website

https://www.mandg.co.uk

M&G Credit Income Investment Trust PLC is an UK based asset management company. The principal activity of the group is to invest in a diversified portfolio of public and private Debt Instruments, with a view to achieving the company's investment objective. Its investment objective is to generate a regular and attractive level of income with low asset value volatility.

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