Boomerang Oil (XCNQ:BOI) Accounts Payable & Accrued Expense : C$0.42 Mil (As of Jun. 2015)

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What is Boomerang Oil Accounts Payable & Accrued Expense?

Boomerang Oil's quarterly accounts payable & accrued expense increased from Dec. 2014 (C$0.20 Mil) to Mar. 2015 (C$0.26 Mil) and increased from Mar. 2015 (C$0.26 Mil) to Jun. 2015 (C$0.42 Mil).

Boomerang Oil's annual accounts payable & accrued expense declined from Sep. 2012 (C$0.08 Mil) to Sep. 2013 (C$0.02 Mil) but then increased from Sep. 2013 (C$0.02 Mil) to Sep. 2014 (C$0.17 Mil).

Boomerang Oil Accounts Payable & Accrued Expense Historical Data

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

Boomerang Oil Annual Data

Trend

Sep12

Sep13

Sep14

Accounts Payable & Accrued Expense

0.08

0.02

0.17

Boomerang Oil Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										0.11	0.17	0.20	0.26	0.42

Boomerang Oil 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.

Boomerang Oil (XCNQ:BOI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boomerang Oil Inc (XCNQ:BOI) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.boomerangoil.com

Boomerang Oil Inc is an independent oil and gas company engaged in the exploration, development, and exploitation of crude oil and natural gas properties in the United States. Its properties are located in Permian Basin and Crawar Field in Texas.

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