XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Accounts Payable & Accrued Expense : $37.15 Mil (As of Sep. 2023)

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What is XAI Octagon Floating Rate & Alternativeome Trust Accounts Payable & Accrued Expense?

XAI Octagon Floating Rate & Alternativeome Trust's quarterly accounts payable & accrued expense declined from Sep. 2022 ($16.26 Mil) to Mar. 2023 ($12.19 Mil) but then increased from Mar. 2023 ($12.19 Mil) to Sep. 2023 ($37.15 Mil).

XAI Octagon Floating Rate & Alternativeome Trust's annual accounts payable & accrued expense declined from Sep. 2021 ($36.87 Mil) to Sep. 2022 ($16.26 Mil) but then increased from Sep. 2022 ($16.26 Mil) to Sep. 2023 ($37.15 Mil).

XAI Octagon Floating Rate & Alternativeome Trust Accounts Payable & Accrued Expense Historical Data

The historical data trend for XAI Octagon Floating Rate & Alternativeome Trust'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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XAI Octagon Floating Rate & Alternativeome Trust Accounts Payable & Accrued Expense Chart

XAI Octagon Floating Rate & Alternativeome Trust Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Accounts Payable & Accrued Expense

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13.36

3.74

36.87

16.26

37.15

XAI Octagon Floating Rate & Alternativeome Trust Semi-Annual Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial							36.87	31.13	16.26	12.19	37.15

XAI Octagon Floating Rate & Alternativeome Trust 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.

XAI Octagon Floating Rate & Alternativeome Trust (XAI Octagon Floating Rate & Alternativeome Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » XAI Octagon Floating Rate & Alternative Income Trust (NYSE:XFLT) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

321 North Clark Street, Suite 2430, Chicago, IL, USA, 60654

Website

https://www.xainvestments.com

XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.

Executives

Theodore J Brombach	officer: President & CEO, other: Interested Trustee	321 N. CLARK STREET, CHICAGO IL 60054
John Yogi Spence	officer: CFO & Treasurer	321 N. CLARK STREET, CHICAGO IL 60054
Randi Jean Roessler	officer: Chief Compliance Officer	C/O DESTRA MULTI ALTERNATIVE FUND, 443 NORTH WILLSON AVENUE, BOZEMAN MT 59715
Benjamin Mcculloch	officer: Secretary & CLO	321 NORTH CLARK STREET, SUITE 2430, CHICAGO IL 60654
John P Mcgarrity	officer: Chief Legal & Secretary	321 N. CLARK STREET, CHICAGO IL 60054
Eagle Point Credit Management Llc	10 percent owner	600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830
Ep Dif Cayman I Lp	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Core Income Fund Lp	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Cif Gp I Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Eagle Point Dif Gp I Llc	10 percent owner	600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830
Sean Michael Gleason	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Philip G Franklin	other: Trustee	C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Andrew David Gordon	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177
Scott C Jones	other: Trustee	C/O XA INVESTMENTS, 1290 BROADWAY STE 1100, DENVER CO 80203
Maegan Gallagher Boger	other: Sub-Adviser Inv Comm Member	250 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10177