Sterling Consolidated (Sterling Consolidated) Accounts Payable & Accrued Expense : $3.06 Mil (As of Sep. 2022)

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What is Sterling Consolidated Accounts Payable & Accrued Expense?

Sterling Consolidated's quarterly accounts payable & accrued expense increased from Mar. 2022 ($2.00 Mil) to Jun. 2022 ($3.22 Mil) but then declined from Jun. 2022 ($3.22 Mil) to Sep. 2022 ($3.06 Mil).

Sterling Consolidated's annual accounts payable & accrued expense declined from Dec. 2019 ($1.34 Mil) to Dec. 2020 ($1.04 Mil) but then increased from Dec. 2020 ($1.04 Mil) to Dec. 2021 ($1.42 Mil).

Sterling Consolidated Accounts Payable & Accrued Expense Historical Data

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

Sterling Consolidated Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Accounts Payable & Accrued Expense

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1.27

1.28

1.34

1.04

1.42

Sterling Consolidated Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.72	1.42	2.00	3.22	3.06

Sterling Consolidated 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.

Sterling Consolidated (Sterling Consolidated) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sterling Consolidated Corp (OTCPK:STCC) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1105 Green Grove Road, Neptune, NJ, USA, 07753

Website

http://www.sterlingconsolidated.com

Sterling Consolidated Corp is engaged in the distribution and sale of O-rings used for sealing purposes. It also distributes rubber seals, oil seals, custom molded rubber parts, custom Teflon parts, Teflon rods, O-ring cord, bonded seals, O-ring kits, and stuffing box sealantsbna. These are used in different industries such as automotive, pump, transmissions, oil and energy, machinery, and packaging. It is mainly used as seals to prevent leakage of liquids or air. The company generates most of its revenues through the sale of O-rings and rubber seal products in the US.

Executives

Darren Derosa

director, 10 percent owner, officer: Chief Executive Officer

1105 GREEN GROVE ROAD, NEPTUNE NJ 07753