Petrolia SE (OSL:PSE) Accounts Payable & Accrued Expense : kr38.7 Mil (As of Dec. 2024)

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What is Petrolia SE Accounts Payable & Accrued Expense?

Petrolia SE's quarterly accounts payable & accrued expense declined from Dec. 2023 (kr45.8 Mil) to Jun. 2024 (kr27.4 Mil) but then increased from Jun. 2024 (kr27.4 Mil) to Dec. 2024 (kr38.7 Mil).

Petrolia SE's annual accounts payable & accrued expense increased from Dec. 2022 (kr43.0 Mil) to Dec. 2023 (kr45.8 Mil) but then declined from Dec. 2023 (kr45.8 Mil) to Dec. 2024 (kr38.7 Mil).

Petrolia SE Accounts Payable & Accrued Expense Historical Data

The historical data trend for Petrolia SE'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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Petrolia SE Accounts Payable & Accrued Expense Chart

Petrolia SE Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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72.80

54.30

43.00

45.85

38.71

Petrolia SE Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															43.00	63.35	45.85	27.41	38.71

Petrolia SE 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.

Petrolia SE Business Description

Industry

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0QAB:UK

Address

205 Christodoulou Chatzipavlou Street, Loulloupis Court, 4th Floor, Office 401, Limassol, CYP, 3036

Website

https://www.petrolia.eu

Petrolia SE is engaged in the sale and rental of energy service equipment to the energy industry. The company operates in two business divisions: Energy and Energy Service. The Energy division focuses on exploration for and production of oil and gas. The Energy Service division is focused on well services for oil and gas drilling, mainly through the Independent Oil Tools AS Group. Well services are also provided for thermo and salt drilling. The group owns one landrig, drills and performs workover on land wells as a drilling contractor with this rig and hired in rigs whenever drilling contracts are secured. Geographically, it operates in Norway, Europe outside Norway, and Asia and Australia.

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