Raffles Financial Group (XCNQ:RICH) Accounts Payable & Accrued Expense : C$2.96 Mil (As of Mar. 2021)

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What is Raffles Financial Group Accounts Payable & Accrued Expense?

Raffles Financial Group's quarterly accounts payable & accrued expense increased from Sep. 2020 (C$2.33 Mil) to Dec. 2020 (C$2.64 Mil) and increased from Dec. 2020 (C$2.64 Mil) to Mar. 2021 (C$2.96 Mil).

Raffles Financial Group's annual accounts payable & accrued expense stayed the same from . 20 (C$0.00 Mil) to . 20 (C$0.00 Mil) but then increased from . 20 (C$0.00 Mil) to Jun. 2019 (C$7.83 Mil).

Raffles Financial Group Accounts Payable & Accrued Expense Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Accounts Payable & Accrued Expense Chart

Raffles Financial Group Annual Data

Trend

Jun19

Accounts Payable & Accrued Expense

7.83

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial					-	2.18	2.33	2.64	2.96

Raffles Financial Group 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.

Raffles Financial Group (XCNQ:RICH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (XCNQ:RICH) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (XCNQ:RICH) Headlines

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