GomSpace Group AB (STU:1G2) Accounts Payable & Accrued Expense : €2.41 Mil (As of Jun. 2024)

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What is GomSpace Group AB Accounts Payable & Accrued Expense?

GomSpace Group AB's quarterly accounts payable & accrued expense declined from Sep. 2023 (€3.63 Mil) to Dec. 2023 (€1.68 Mil) but then increased from Dec. 2023 (€1.68 Mil) to Jun. 2024 (€2.41 Mil).

GomSpace Group AB's annual accounts payable & accrued expense declined from Dec. 2021 (€3.15 Mil) to Dec. 2022 (€2.66 Mil) and declined from Dec. 2022 (€2.66 Mil) to Dec. 2023 (€1.68 Mil).

GomSpace Group AB Accounts Payable & Accrued Expense Historical Data

The historical data trend for GomSpace Group AB'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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GomSpace Group AB Accounts Payable & Accrued Expense Chart

GomSpace Group AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.94

2.33

3.15

2.66

1.68

GomSpace Group AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															2.63	3.43	3.63	1.68	2.41

GomSpace Group AB 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.

GomSpace Group AB Business Description

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GOMX:Sweden 0GE8:UK

Address

Ulls Vag 29A, Uppsala, SWE, 756 51

Website

https://www.gomspace.com

GomSpace Group AB develops and commercializes nano-satellites. It provides turn-key solutions to enable space-based businesses including solutions for IoT, communication, tracking, surveillance, and remote sensing. The company also offers professional nano-satellite turn-key solutions, platforms, commercial off the shelf sub-systems, software modules, and off-the-shelf payloads for tracking or delivering payloads to customer requirements based on radio technology building blocks. Its business areas are Academia, Commercial, Defense, and Science operating geographically in Sweden, Denmark, other parts of Europe, the United States, Asia, and the Rest of the world. The majority of the company's revenue comes from Europe (excluding Sweden and Denmark).

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