Trinidad Drilling (TSX:TDG) Accounts Payable & Accrued Expense : C$90.9 Mil (As of Sep. 2018)

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What is Trinidad Drilling Accounts Payable & Accrued Expense?

Trinidad Drilling's quarterly accounts payable & accrued expense increased from Mar. 2018 (C$88.0 Mil) to Jun. 2018 (C$92.9 Mil) but then declined from Jun. 2018 (C$92.9 Mil) to Sep. 2018 (C$90.9 Mil).

Trinidad Drilling's annual accounts payable & accrued expense declined from Dec. 2015 (C$96.0 Mil) to Dec. 2016 (C$79.4 Mil) but then increased from Dec. 2016 (C$79.4 Mil) to Dec. 2017 (C$106.7 Mil).

Trinidad Drilling Accounts Payable & Accrued Expense Historical Data

The historical data trend for Trinidad Drilling'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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Trinidad Drilling Accounts Payable & Accrued Expense Chart

Trinidad Drilling Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Accounts Payable & Accrued Expense

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117.36

162.76

96.02

79.39

106.69

Trinidad Drilling Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															106.47	106.69	87.95	92.93	90.94

Trinidad Drilling 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.

Trinidad Drilling (TSX:TDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinidad Drilling Ltd (TSX:TDG) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.trinidaddrilling.com

Trinidad Drilling Ltd is a Canadian company which is engaged in providing drilling services to the oil and natural gas industry. The company's operating segments are Canadian operations which include land drilling services; US and international operations which include land and barge drilling services located in both the US and international markets, excluding all joint venture operations; Joint venture operations which include all international joint venture operations; and Manufacturing operations include manufacturing work performed in each of the Canadian and US manufacturing divisions. The majority of the company's revenue comes from oilfield services.