Hello Group (LTS:0K2P) Accounts Payable & Accrued Expense : $162 Mil (As of Dec. 2023)

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What is Hello Group Accounts Payable & Accrued Expense?

Hello Group's quarterly accounts payable & accrued expense declined from Jun. 2023 ($195 Mil) to Sep. 2023 ($193 Mil) and declined from Sep. 2023 ($193 Mil) to Dec. 2023 ($162 Mil).

Hello Group's annual accounts payable & accrued expense declined from Dec. 2021 ($243 Mil) to Dec. 2022 ($170 Mil) and declined from Dec. 2022 ($170 Mil) to Dec. 2023 ($162 Mil).

Hello Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Hello Group'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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Hello Group Accounts Payable & Accrued Expense Chart

Hello Group Annual Data

Trend

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Dec23

Accounts Payable & Accrued Expense

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241.32

247.67

242.77

170.25

162.28

Hello Group 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															170.25	339.41	194.65	192.52	162.28

Hello Group 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.

Hello Group (LTS:0K2P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Hello Group Inc (LTS:0K2P) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

MOMO:USA 1MO:Germany

Address

No. 1 Futongdong Street, 20th Floor, Block B, Tower 2, Wangjing SOHO, Chaoyang District, Beijing, CHN, 100102

Website

https://www.hellogroup.com

Hello Group Inc provides mobile-based social networking services. It enables users to establish and expand social relationships based on location and interests. Its platform includes the Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers, and platform partners. The company derives its revenue from live video services, value-added services, mobile marketing services, mobile games, and other services. It operates in three segments: Momo's service lines, Tantan's service lines, and QOOL's service lines out of which Momo's service lines segment derives the majority of revenue.

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