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Nortem Biogroup (XPAR:MLBIO) Accounts Payable & Accrued Expense : €0.37 Mil (As of Dec. 2023)


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What is Nortem Biogroup Accounts Payable & Accrued Expense?

Nortem Biogroup's quarterly accounts payable & accrued expense declined from Dec. 2021 (€0.41 Mil) to Dec. 2022 (€0.37 Mil) but then increased from Dec. 2022 (€0.37 Mil) to Dec. 2023 (€0.37 Mil).

Nortem Biogroup's annual accounts payable & accrued expense declined from Dec. 2021 (€0.41 Mil) to Dec. 2022 (€0.37 Mil) but then increased from Dec. 2022 (€0.37 Mil) to Dec. 2023 (€0.37 Mil).

Nortem Biogroup Accounts Payable & Accrued Expense Historical Data

The historical data trend for Nortem Biogroup'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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Nortem Biogroup Accounts Payable & Accrued Expense Chart

Nortem Biogroup Annual Data
Trend Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense
0.41 0.37 0.37

Nortem Biogroup Semi-Annual Data
Dec21 Dec22 Dec23
Accounts Payable & Accrued Expense 0.41 0.37 0.37

Nortem Biogroup 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.

Nortem Biogroup Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nortem Biogroup (XPAR:MLBIO) » Definitions » Accounts Payable & Accrued Expense
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Address
Calle Alexander Humboldt 12B, Polígono Industrial Salinas de Poniente, El Puerto de Santa María, Cadiz, ESP, 11500
Website
https://www.nortembiogroup.com
Nortem Chem SA is engaged in the research, development, innovation and industrialization in the field of biochemistry and biotechnology, as well as the production and sale of products based on biochemical and/or biotechnological processes. It emerged as a biotechnological company in the field of the food and chemical industry, with maximum environmental awareness, concentrating its research and product development efforts on the development of environmentally friendly alternatives from renewable sources and obtaining its own microorganisms (Aspergillus Niger and Yarrowia lipolytica) with outstanding capabilities from adaptation and selection processes, avoiding the use of genetic modification technologies.

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