Norsk Titanium AS (Norsk Titanium AS) Accounts Payable & Accrued Expense : $1.56 Mil (As of Dec. 2023)

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What is Norsk Titanium AS Accounts Payable & Accrued Expense?

Norsk Titanium AS's quarterly accounts payable & accrued expense declined from Dec. 2022 ($1.14 Mil) to Jun. 2023 ($0.97 Mil) but then increased from Jun. 2023 ($0.97 Mil) to Dec. 2023 ($1.56 Mil).

Norsk Titanium AS's annual accounts payable & accrued expense declined from Dec. 2021 ($1.26 Mil) to Dec. 2022 ($1.14 Mil) but then increased from Dec. 2022 ($1.14 Mil) to Dec. 2023 ($1.56 Mil).

Norsk Titanium AS Accounts Payable & Accrued Expense Historical Data

The historical data trend for Norsk Titanium AS'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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Norsk Titanium AS Accounts Payable & Accrued Expense Chart

Norsk Titanium AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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2.44

1.66

1.26

1.14

1.56

Norsk Titanium AS Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial					1.26	0.91	1.14	0.97	1.56

Norsk Titanium AS 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.

Norsk Titanium AS (Norsk Titanium AS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Norsk Titanium AS (OTCPK:NORSF) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

NTI:Norway 84F:Germany

Address

Flyplassveien 20, Honefoss, NOR, 3514

Website

https://www.norsktitanium.com

Norsk Titanium AS is a producer of aerospace-grade, additively manufactured, structural titanium components for commercial aerospace tier-one suppliers. Its patented RPD technology revolutionizes the industry by pioneering a new era of on-demand metal additive manufacturing that delivers 3D-printed, structural titanium, providing substantial lead-time and cost savings to the aerospace, defence, and industrial markets.

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