Ondo InsurTech (LSE:ONDO) Accounts Payable & Accrued Expense : £1.27 Mil (As of Sep. 2023)

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What is Ondo InsurTech Accounts Payable & Accrued Expense?

Ondo InsurTech's quarterly accounts payable & accrued expense increased from Feb. 2022 (£0.02 Mil) to Aug. 2022 (£0.77 Mil) and increased from Aug. 2022 (£0.77 Mil) to Sep. 2023 (£1.27 Mil).

Ondo InsurTech Accounts Payable & Accrued Expense Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Accounts Payable & Accrued Expense Chart

Ondo InsurTech Annual Data

Trend

Accounts Payable & Accrued Expense

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Accounts Payable & Accrued Expense	0.02	0.02	0.77	1.27

Ondo InsurTech 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.

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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