Sorrento Resources (XCNQ:SRS) Accounts Payable & Accrued Expense : C$0.12 Mil (As of Dec. 2023)

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What is Sorrento Resources Accounts Payable & Accrued Expense?

Sorrento Resources's quarterly accounts payable & accrued expense declined from Jun. 2023 (C$0.03 Mil) to Sep. 2023 (C$0.03 Mil) but then increased from Sep. 2023 (C$0.03 Mil) to Dec. 2023 (C$0.12 Mil).

Sorrento Resources's annual accounts payable & accrued expense increased from . 20 (C$0.00 Mil) to Jun. 2022 (C$0.06 Mil) but then declined from Jun. 2022 (C$0.06 Mil) to Jun. 2023 (C$0.03 Mil).

Sorrento Resources Accounts Payable & Accrued Expense Historical Data

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

Sorrento Resources Annual Data

Trend

Jun22

Jun23

Accounts Payable & Accrued Expense

0.06

0.03

Sorrento Resources Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial				0.17	0.01	0.03	0.03	0.12

Sorrento 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.

Sorrento Resources (XCNQ:SRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sorrento Resources Ltd (XCNQ:SRS) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

SRSLF:USA

Address

9285 - 203B Street, Langley, BC, CAN, V1M 2L9

Website

https://www.sorrentoresources.ca

Sorrento Resources Ltd engages in the exploration, development, and exploitation of mineral resources in Canada. Its projects include Wing Pond project, Harmsworth project, PEG lithium project, Silver Mountain project and others.

Executives

Blair Lawrence Naughty

10% Security Holder