Spindletop Oil & Gas Co (Spindletop Oil & Gas Co) Accounts Payable & Accrued Expense : $6.54 Mil (As of Dec. 2023)

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What is Spindletop Oil & Gas Co Accounts Payable & Accrued Expense?

Spindletop Oil & Gas Co's quarterly accounts payable & accrued expense declined from Jun. 2023 ($6.51 Mil) to Sep. 2023 ($6.29 Mil) but then increased from Sep. 2023 ($6.29 Mil) to Dec. 2023 ($6.54 Mil).

Spindletop Oil & Gas Co's annual accounts payable & accrued expense declined from Dec. 2021 ($7.60 Mil) to Dec. 2022 ($6.86 Mil) and declined from Dec. 2022 ($6.86 Mil) to Dec. 2023 ($6.54 Mil).

Spindletop Oil & Gas Co Accounts Payable & Accrued Expense Historical Data

The historical data trend for Spindletop Oil & Gas Co'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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Spindletop Oil & Gas Co Accounts Payable & Accrued Expense Chart

Spindletop Oil & Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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6.01

5.71

7.60

6.86

6.54

Spindletop Oil & Gas Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															6.86	6.86	6.51	6.29	6.54

Spindletop Oil & Gas Co 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.

Spindletop Oil & Gas Co (Spindletop Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Spindletop Oil & Gas Co (OTCPK:SPND) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

12850 Spurling Road, Suite 200, One Spindletop Centre, Dallas, TX, USA, 75230-1279

Website

https://wwww.spindletopoil.com

Spindletop Oil & Gas Co is an independent oil and gas company. The firm has three business segments: oil and gas exploration, acquisition, production, and operations; transportation and compression of natural gas and commercial real estate investment. It generates maximum revenue from the oil and gas exploration, acquisition, production, and operations segment.

Executives

Paul E. Cash

other: Former Director

347 TRIPP RD., SUNNYVALE TX 75182

Spindletop Oil & Gas Co (Spindletop Oil & Gas Co) Headlines

From GuruFocus

SPINDLETOP OIL & GAS CO. Announces Board Review of Strategic Alternatives

By ACCESSWIRE ACCESSWIRE • 07-27-2021