Imaflex (TSXV:IFX) Accounts Payable & Accrued Expense : C$7.06 Mil (As of Sep. 2023)

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What is Imaflex Accounts Payable & Accrued Expense?

Imaflex's quarterly accounts payable & accrued expense declined from Mar. 2023 (C$11.29 Mil) to Jun. 2023 (C$9.77 Mil) and declined from Jun. 2023 (C$9.77 Mil) to Sep. 2023 (C$7.06 Mil).

Imaflex's annual accounts payable & accrued expense increased from Dec. 2020 (C$7.11 Mil) to Dec. 2021 (C$8.96 Mil) but then declined from Dec. 2021 (C$8.96 Mil) to Dec. 2022 (C$6.71 Mil).

Imaflex Accounts Payable & Accrued Expense Historical Data

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

Imaflex Annual Data

Trend

Dec13

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Dec22

Accounts Payable & Accrued Expense

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9.69

6.05

7.11

8.96

6.71

Imaflex Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															10.27	6.71	11.29	9.77	7.06

Imaflex 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.

Imaflex (TSXV:IFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Imaflex Inc (TSXV:IFX) » Definitions » Accounts Payable & Accrued Expense

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IFLXF:USA

Address

5710, Rue Notre-Dame Ouest, Montreal, QC, CAN, H4C 1V2

Website

https://www.imaflex.com

Imaflex Inc is focused on the development and manufacturing of innovative solutions for the flexible packaging space. The company develops and manufactures films for the agriculture industry. Its products consist primarily of polyethylene (plastic) film and bags, including metalized plastic film, for the industrial, agricultural and consumer markets. It manufactures and sells industrial bags using recycled material, including garbage bags, compostable bags, gaylord bags and bags on rolls. It also specializes in the metalization of plastic film primarily for food packaging and agricultural mulches.

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