Niutech Group (NGM:NIUTEC) Accounts Payable & Accrued Expense : kr58.2 Mil (As of Jun. 2024)

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What is Niutech Group Accounts Payable & Accrued Expense?

Niutech Group's quarterly accounts payable & accrued expense declined from Dec. 2023 (kr59.2 Mil) to Mar. 2024 (kr37.0 Mil) but then increased from Mar. 2024 (kr37.0 Mil) to Jun. 2024 (kr58.2 Mil).

Niutech Group's annual accounts payable & accrued expense increased from Dec. 2021 (kr4.9 Mil) to Dec. 2022 (kr17.9 Mil) and increased from Dec. 2022 (kr17.9 Mil) to Dec. 2023 (kr59.2 Mil).

Niutech Group Accounts Payable & Accrued Expense Historical Data

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

Niutech Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

3.10

4.95

17.88

59.22

Niutech Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										30.21	40.44	59.22	37.03	58.21

Niutech 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.

Niutech Group Business Description

Industry

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Address

Skjutbanevagen 11, Orebro, SWE, 703 69

Website

https://www.sun4energy.se

Sun4Energy Group AB is engaged in designing, installing, and commissioning solar cell systems and electric car chargers, both AC and DC chargers for private individuals, companies, and municipalities. The company's goal is to contribute solutions that accelerate the transition to efficient and fossil-free energy solutions.

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