Grounds Real Estate Development AG (FRA:AMM) Accounts Payable & Accrued Expense : €5.70 Mil (As of Dec. 2024)

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What is Grounds Real Estate Development AG Accounts Payable & Accrued Expense?

Grounds Real Estate Development AG's quarterly accounts payable & accrued expense declined from Dec. 2023 (€7.76 Mil) to Jun. 2024 (€6.90 Mil) and declined from Jun. 2024 (€6.90 Mil) to Dec. 2024 (€5.70 Mil).

Grounds Real Estate Development AG's annual accounts payable & accrued expense increased from Dec. 2022 (€6.05 Mil) to Dec. 2023 (€7.76 Mil) but then declined from Dec. 2023 (€7.76 Mil) to Dec. 2024 (€5.70 Mil).

Grounds Real Estate Development AG Accounts Payable & Accrued Expense Historical Data

The historical data trend for Grounds Real Estate Development AG'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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Grounds Real Estate Development AG Accounts Payable & Accrued Expense Chart

Grounds Real Estate Development AG Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Payable & Accrued Expense

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11.90

4.80

6.05

7.76

5.70

Grounds Real Estate Development AG Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															6.05	7.95	7.76	6.90	5.70

Grounds Real Estate Development AG 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.

Grounds Real Estate Development AG Business Description

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AMM:Germany

Address

Charlottenstrasse 79-80, Berlin, BB, DEU, 10117

Website

https://www.thegroundsag.com

Grounds Real Estate Development AG carries out housing projects in German metropolitan regions. Its business activities cover three core areas, including the company's plan to establish its property portfolio for long-term rental income, which is referred to as the portfolio management business. the company also works to develop the existing properties and sell them as part-ownership, known as the privatization business. Additionally, planning to construct new housing and sell it to institutional investors, capital investors, and owner-occupiers. This is referred to as the project development business. The group's primary sources of income are the construction work on project developments, privatization income, and rental income from existing properties.