Africa Energy (TSXV:AFE) Accounts Payable & Accrued Expense : C$0.42 Mil (As of Mar. 2024)

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What is Africa Energy Accounts Payable & Accrued Expense?

Africa Energy's quarterly accounts payable & accrued expense declined from Sep. 2023 (C$0.71 Mil) to Dec. 2023 (C$0.22 Mil) but then increased from Dec. 2023 (C$0.22 Mil) to Mar. 2024 (C$0.42 Mil).

Africa Energy's annual accounts payable & accrued expense increased from Dec. 2021 (C$2.14 Mil) to Dec. 2022 (C$4.61 Mil) but then declined from Dec. 2022 (C$4.61 Mil) to Dec. 2023 (C$0.22 Mil).

Africa Energy Accounts Payable & Accrued Expense Historical Data

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

Africa Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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0.54

2.28

2.14

4.61

0.22

Africa Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															1.21	0.58	0.71	0.22	0.42

Africa Energy 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.

Africa Energy (TSXV:AFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Africa Energy Corp (TSXV:AFE) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

HPMCF:USA AEC:Sweden H73:Germany

Address

885 West Georgia Street, Suite 2000, Vancouver, BC, CAN, V6C 3E8

Website

https://www.africaenergycorp.com

Africa Energy Corp is an Canadian based oil and gas exploration company focused on South Africa. The company has exploration assets in South Africa and Namibia. The operations of the company include Block 11B/12B and Block 2B in South Africa as well as Petroleum Exploration License 37 in Namibia.

Executives

John William Sharp Bentley

Director