Savanna Energy Services (TSX:SVY) Accounts Payable & Accrued Expense : C$61.7 Mil (As of Mar. 2017)

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What is Savanna Energy Services Accounts Payable & Accrued Expense?

Savanna Energy Services's quarterly accounts payable & accrued expense increased from Sep. 2016 (C$46.0 Mil) to Dec. 2016 (C$57.9 Mil) and increased from Dec. 2016 (C$57.9 Mil) to Mar. 2017 (C$61.7 Mil).

Savanna Energy Services's annual accounts payable & accrued expense declined from Dec. 2014 (C$106.3 Mil) to Dec. 2015 (C$50.3 Mil) but then increased from Dec. 2015 (C$50.3 Mil) to Dec. 2016 (C$57.9 Mil).

Savanna Energy Services Accounts Payable & Accrued Expense Historical Data

The historical data trend for Savanna Energy Services'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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Savanna Energy Services Accounts Payable & Accrued Expense Chart

Savanna Energy Services Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Accounts Payable & Accrued Expense

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75.46

87.98

106.28

50.28

57.93

Savanna Energy Services Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															42.57	33.90	46.03	57.93	61.71

Savanna Energy Services 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.

Savanna Energy Services (TSX:SVY) Business Description

Industry

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Address

Website

http://www.savannaenergy.com

Savanna Energy Services Corp was incorporated under the Alberta Business Corporations Act on March 22, 2001. It is a drilling, well servicing and oilfield rentals company with operations in Canada, the United States and Australia. It provides a variety of services in the oil and natural gas industry. The corporate segment provides management and administrative services to all of the Company's subsidiaries and their respective operations. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. The Company's overall business is conducted through two divisions: contract drilling and oilfield services. The Company's equipment fleet is among the newest and technically in the industry and its commitment to talent and technology has enabled the Company to build a presence within the oilfield services sector. It has also expanded its customer base to international markets, diversifying geographically into growing and emerging markets. The Company operates through a number of wholly-owned subsidiaries and several partnerships with Aboriginal communities that are partially owned by the Company.

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