Lovitt Resources (TSXV:LRC.H) Accounts Payable & Accrued Expense : C$0.82 Mil (As of Mar. 2023)

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What is Lovitt Resources Accounts Payable & Accrued Expense?

Lovitt Resources's quarterly accounts payable & accrued expense increased from Sep. 2022 (C$0.74 Mil) to Dec. 2022 (C$0.78 Mil) and increased from Dec. 2022 (C$0.78 Mil) to Mar. 2023 (C$0.82 Mil).

Lovitt Resources's annual accounts payable & accrued expense increased from Mar. 2019 (C$0.44 Mil) to Jun. 2021 (C$0.56 Mil) and increased from Jun. 2021 (C$0.56 Mil) to Jun. 2022 (C$0.68 Mil).

Lovitt Resources Accounts Payable & Accrued Expense Historical Data

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

Lovitt Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Accounts Payable & Accrued Expense

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0.30

0.39

0.44

0.56

0.68

Lovitt Resources Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															0.67	0.68	0.74	0.78	0.82

Lovitt Resources 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.

Lovitt Resources (TSXV:LRC.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Accounts Payable & Accrued Expense

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Traded in Other Exchanges

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Address

1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4

Website

https://www.lovittresources.com

Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

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