Nova Minerals (Nova Minerals) Accounts Payable & Accrued Expense : $0.69 Mil (As of Dec. 2023)

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What is Nova Minerals Accounts Payable & Accrued Expense?

Nova Minerals's quarterly accounts payable & accrued expense increased from Dec. 2022 ($1.32 Mil) to Jun. 2023 ($1.62 Mil) but then declined from Jun. 2023 ($1.62 Mil) to Dec. 2023 ($0.69 Mil).

Nova Minerals's annual accounts payable & accrued expense increased from Jun. 2021 ($2.62 Mil) to Jun. 2022 ($2.81 Mil) but then declined from Jun. 2022 ($2.81 Mil) to Jun. 2023 ($1.62 Mil).

Nova Minerals Accounts Payable & Accrued Expense Historical Data

The historical data trend for Nova Minerals'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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Nova Minerals Accounts Payable & Accrued Expense Chart

Nova Minerals Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Payable & Accrued Expense

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0.46

1.37

2.62

2.81

1.62

Nova Minerals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.73	2.81	1.32	1.62	0.69

Nova Minerals 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.

Nova Minerals (Nova Minerals) Business Description

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Traded in Other Exchanges

QM3:Germany NVA:Australia

Address

242 Hawthorn Road, Suite 5, Caulfield, VIC, AUS, 3161

Website

https://www.novaminerals.com.au

Nova Minerals Ltd is a minerals explorer and developer focused on gold and lithium projects in North America. It has a diversified portfolio of projects across the US, Canada, and Australia. Its key projects include Nova's 6.2Moz Estelle Gold Project on Korbel Main and RPM in Alaska, which holds some of North America's largest gold deposits, and the company's majority-owned Snow Lakes Resources, a proposed zero carbon lithium spodumene project in Canada ideally located on rail access to the US Auto Alley. Nova aims to provide shareholders with diversification through exposure to base and precious metals and to capitalize on the growing demand for lithium-based energy storage.

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