Goodfood Market (TSX:FOOD) Accounts Payable & Accrued Expense : C$17.1 Mil (As of Feb. 2024)

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What is Goodfood Market Accounts Payable & Accrued Expense?

Goodfood Market's quarterly accounts payable & accrued expense increased from Aug. 2023 (C$18.0 Mil) to Nov. 2023 (C$20.0 Mil) but then declined from Nov. 2023 (C$20.0 Mil) to Feb. 2024 (C$17.1 Mil).

Goodfood Market's annual accounts payable & accrued expense declined from Aug. 2021 (C$52.2 Mil) to Aug. 2022 (C$27.1 Mil) and declined from Aug. 2022 (C$27.1 Mil) to Aug. 2023 (C$18.0 Mil).

Goodfood Market Accounts Payable & Accrued Expense Historical Data

The historical data trend for Goodfood Market'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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Goodfood Market Accounts Payable & Accrued Expense Chart

Goodfood Market Annual Data

Trend

Dec15

Dec16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Accounts Payable & Accrued Expense

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30.70

40.88

52.21

27.10

17.99

Goodfood Market Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															17.52	18.41	17.99	19.96	17.11

Goodfood Market 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.

Goodfood Market (TSX:FOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (TSX:FOOD) » Definitions » Accounts Payable & Accrued Expense

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GDDFF:USA 76O:Germany

Address

4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2

Website

https://www.makegoodfood.ca

Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.

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