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SGQRF (Southgobi Resources) Accounts Payable & Accrued Expense : $246.5 Mil (As of Mar. 2025)


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What is Southgobi Resources Accounts Payable & Accrued Expense?

Southgobi Resources's quarterly accounts payable & accrued expense increased from Sep. 2024 ($213.9 Mil) to Dec. 2024 ($226.0 Mil) and increased from Dec. 2024 ($226.0 Mil) to Mar. 2025 ($246.5 Mil).

Southgobi Resources's annual accounts payable & accrued expense increased from Dec. 2022 ($60.8 Mil) to Dec. 2023 ($164.1 Mil) and increased from Dec. 2023 ($164.1 Mil) to Dec. 2024 ($226.0 Mil).

Southgobi Resources Accounts Payable & Accrued Expense Historical Data

The historical data trend for Southgobi Resources'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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Southgobi Resources Accounts Payable & Accrued Expense Chart

Southgobi Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Accounts Payable & Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.73 71.01 60.80 164.14 225.96

Southgobi Resources Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Accounts Payable & Accrued Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 182.60 188.90 213.87 225.96 246.55

Southgobi Resources 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.

Southgobi Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Southgobi Resources Ltd (OTCPK:SGQRF) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
01878:Hong Kong SGQ:Canada
Address
Tower 1, 193 Prince Edward Road. West, Grand Centurey Tower, Units 1208-10, Mongkok, Corporate Department, Kowloon, HKG, V6C 2G8
Website
https://www.southgobi.com
Southgobi Resources Ltd together with its subsidiaries is an integrated coal mining, development, and exploration company. Its reportable operating segment is its Coal Division which is principally engaged in coal mining, development, and exploration in Mongolia and logistics and trading of coal in Mongolia and China. The company also holds the mining and exploration licenses of other metallurgical and thermal coal deposits in the South Gobi Province of Mongolia. The company owns the following operating coal mine and coal projects in Mongolia: the Ovoot Tolgoi Mine, Zag Suuj Project, and the Soumber Project.