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SVZRF (Svitzer Group AS) Accounts Payable & Accrued Expense : $128.6 Mil (As of Dec. 2024)


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What is Svitzer Group AS Accounts Payable & Accrued Expense?

Svitzer Group AS's quarterly accounts payable & accrued expense declined from Dec. 2023 ($138.7 Mil) to Jun. 2024 ($0.0 Mil) but then increased from Jun. 2024 ($0.0 Mil) to Dec. 2024 ($128.6 Mil).

Svitzer Group AS's annual accounts payable & accrued expense increased from Dec. 2022 ($94.3 Mil) to Dec. 2023 ($138.7 Mil) but then declined from Dec. 2023 ($138.7 Mil) to Dec. 2024 ($128.6 Mil).

Svitzer Group AS Accounts Payable & Accrued Expense Historical Data

The historical data trend for Svitzer Group AS'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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Svitzer Group AS Accounts Payable & Accrued Expense Chart

Svitzer Group AS Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Accounts Payable & Accrued Expense
104.39 94.26 138.70 128.61

Svitzer Group AS Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24
Accounts Payable & Accrued Expense Get a 7-Day Free Trial 94.26 - 138.70 - 128.61

Svitzer Group AS 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.

Svitzer Group AS Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Svitzer Group AS (OTCPK:SVZRF) » Definitions » Accounts Payable & Accrued Expense
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Traded in Other Exchanges
SVITZR:Denmark 9Y1:Germany
Address
Sundkrogsgade 17, Copenhagen, DNK, 2100
Website
https://www.svitzer.com
Svitzer Group AS is in sustainable marine services. It provides customers with business-critical and safe towage services and maritime solutions. Company have divided its towage service business into two main areas: Harbour Towage: In Harbour Towage, company enter into agreements with vessel owners or operators to provide towage services for their vessels in specific ports; and Terminal Towage , company enter into agreements with on and offshore terminal operators or other customers for the delivery of towage services by making a pre-determined number of tugboats, and sometimes other vessels, available to service all vessels that enter or leave the specific terminal. The company operates in various countries such as Australia, Europe, America, AMEA, with majority from Australia.