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IBL Finance (NSE:IBLFL) Accounts Payable & Accrued Expense : ₹2.5 Mil (As of Mar. 2024)


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What is IBL Finance Accounts Payable & Accrued Expense?

IBL Finance's quarterly accounts payable & accrued expense increased from Mar. 2022 (₹0.2 Mil) to Mar. 2023 (₹2.6 Mil) but then declined from Mar. 2023 (₹2.6 Mil) to Mar. 2024 (₹2.5 Mil).

IBL Finance's annual accounts payable & accrued expense increased from Mar. 2022 (₹0.2 Mil) to Mar. 2023 (₹2.6 Mil) but then declined from Mar. 2023 (₹2.6 Mil) to Mar. 2024 (₹2.5 Mil).

IBL Finance Accounts Payable & Accrued Expense Historical Data

The historical data trend for IBL Finance'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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IBL Finance Accounts Payable & Accrued Expense Chart

IBL Finance Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Accounts Payable & Accrued Expense
0.01 0.22 2.65 2.52

IBL Finance Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Accounts Payable & Accrued Expense 0.01 0.22 2.65 2.52

IBL Finance 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.

IBL Finance Business Description

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Traded in Other Exchanges
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Address
Ring Road, 1001, World Trade Center, Nr. Udhna Darwaja, Surat, GJ, IND, 395002
Website
https://www.iblfinance.in
IBL Finance Ltd is a fintech-based financial services platform that leverages technology and data science to make lending quick and easy. It has a mobile application that provides instant personal loans which loan up to Rupees 50,000 with tenors of up to 12 months through an entirely digital mobile App-only process. The Company is engaged in one segment only i.e. Loan Segment. The company generates revenue from Interest Income on Loan Portfolio and Loan Processing Fees & Charges.

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