Var Energi ASA (Var Energi ASA) Accounts Payable & Accrued Expense : $2,374 Mil (As of Mar. 2024)

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What is Var Energi ASA Accounts Payable & Accrued Expense?

Var Energi ASA's quarterly accounts payable & accrued expense declined from Sep. 2023 ($1,736 Mil) to Dec. 2023 ($1,293 Mil) but then increased from Dec. 2023 ($1,293 Mil) to Mar. 2024 ($2,374 Mil).

Var Energi ASA's annual accounts payable & accrued expense increased from Dec. 2021 ($1,632 Mil) to Dec. 2022 ($2,548 Mil) but then declined from Dec. 2022 ($2,548 Mil) to Dec. 2023 ($1,293 Mil).

Var Energi ASA Accounts Payable & Accrued Expense Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA Accounts Payable & Accrued Expense Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Payable & Accrued Expense

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1,628.85

597.36

1,632.01

2,547.64

1,293.37

Var Energi ASA Quarterly Data
	Dec19	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											2,402.51	1,553.82	1,736.26	1,293.37	2,374.26

Var Energi ASA 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.

Var Energi ASA (Var Energi ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (OTCPK:VARRY) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

VARo:Sweden VAR:Norway J4V:Germany

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

Var Energi ASA (Var Energi ASA) Headlines

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