SONG (Music Licensing) Accounts Payable & Accrued Expense : $0.5 Mil (As of Jun. 2024)

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What is Music Licensing Accounts Payable & Accrued Expense?

Music Licensing's quarterly accounts payable & accrued expense stayed the same from Dec. 2023 ($0.4 Mil) to Mar. 2024 ($0.4 Mil) but then increased from Mar. 2024 ($0.4 Mil) to Jun. 2024 ($0.5 Mil).

Music Licensing's annual accounts payable & accrued expense declined from Dec. 2021 ($0.2 Mil) to Dec. 2022 ($0.1 Mil) but then increased from Dec. 2022 ($0.1 Mil) to Dec. 2023 ($0.4 Mil).

Music Licensing Accounts Payable & Accrued Expense Historical Data

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

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

0.21

0.10

0.41

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial			0.06	0.09	0.41	0.41	0.50

Music Licensing 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.

Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Airport Pulling Road North, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees.