SofTech (SofTech) Accounts Payable & Accrued Expense : $0.89 Mil (As of Nov. 2016)

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What is SofTech Accounts Payable & Accrued Expense?

SofTech's quarterly accounts payable & accrued expense increased from May. 2016 ($0.50 Mil) to Aug. 2016 ($0.70 Mil) and increased from Aug. 2016 ($0.70 Mil) to Nov. 2016 ($0.89 Mil).

SofTech's annual accounts payable & accrued expense declined from May. 2014 ($1.09 Mil) to May. 2015 ($0.42 Mil) but then increased from May. 2015 ($0.42 Mil) to May. 2016 ($0.50 Mil).

SofTech Accounts Payable & Accrued Expense Historical Data

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

SofTech Annual Data

Trend

May06

May07

May08

May09

May11

May12

May13

May14

May15

May16

Accounts Payable & Accrued Expense

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0.60

0.74

1.09

0.42

0.50

SofTech Quarterly Data
	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.66	0.64	0.50	0.70	0.89

SofTech 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.

SofTech (SofTech) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SofTech Inc (OTCPK:SOFT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 Suffolk Street, Suite 415, Lowell, MA, USA, 01854

Website

http://www.softech.com

SofTech Inc is engaged in the development, marketing, distribution and support of computer software solutions that enable companies to manage the lifecycle of their products from conception through design and manufacture, to service and disposal. The company's service offerings include consulting, training and discrete engineering services. These solutions include software technology offerings for computer-aided design, and product data management and collaboration technologies. In addition, the company offers a technology platform that allows data exchange between various third-party technology offerings known as the company's connector offering.

Executives

Joseph Patrick Daly	10 percent owner	497 CIRCLE FREEWAY, CINCINNATI OH 45246
J Phillip Cooper	director

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