Silo Wellness (XCNQ:SILO) Accounts Payable & Accrued Expense : C$1.31 Mil (As of Jul. 2023)

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What is Silo Wellness Accounts Payable & Accrued Expense?

Silo Wellness's quarterly accounts payable & accrued expense declined from Jan. 2023 (C$6.32 Mil) to Apr. 2023 (C$1.10 Mil) but then increased from Apr. 2023 (C$1.10 Mil) to Jul. 2023 (C$1.31 Mil).

Silo Wellness's annual accounts payable & accrued expense increased from Oct. 2020 (C$0.33 Mil) to Oct. 2021 (C$1.12 Mil) and increased from Oct. 2021 (C$1.12 Mil) to Oct. 2022 (C$7.30 Mil).

Silo Wellness Accounts Payable & Accrued Expense Historical Data

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

Silo Wellness Annual Data

Trend

Oct20

Oct21

Oct22

Accounts Payable & Accrued Expense

0.33

1.12

7.30

Silo Wellness Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial										2.31	7.30	6.32	1.10	1.31

Silo Wellness 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.

Silo Wellness (XCNQ:SILO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Silo Wellness Inc (XCNQ:SILO) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Consumers Road, Suite 702, Toronto, ON, CAN, M2J 4R4

Website

https://www.silowellness.com

Silo Wellness Inc operates psychedelic clinics and develops legal functional mushroom consumer products. It is focused on health and wellness by developing and introducing psychedelic medicine to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.

Executives

Michael Hartman

Director