CTBG (Coil Tubing Technology) Accounts Payable: $0.11 Mil (As of Sep. 2015)

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What is Coil Tubing Technology Accounts Payable?

Coil Tubing Technology CTBG Accounts Payable is $0.11 Mil as of Sep. 2015.

Coil Tubing Technology's Accounts Payable for the quarter that ended in Sep. 2015 was $0.11 Mil.

Coil Tubing Technology's quarterly Accounts Payable declined from Mar. 2015 ($0.41 Mil) to Jun. 2015 ($0.14 Mil) and declined from Jun. 2015 ($0.14 Mil) to Sep. 2015 ($0.11 Mil).

Coil Tubing Technology's annual Accounts Payable declined from Dec. 2012 ($0.41 Mil) to Dec. 2013 ($0.33 Mil) but then increased from Dec. 2013 ($0.33 Mil) to Dec. 2014 ($0.45 Mil).

Coil Tubing Technology Accounts Payable Related Terms

Coil Tubing Technology Accounts Payable Historical Data

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The historical data trend for Coil Tubing Technology's Accounts Payable 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.

Coil Tubing Technology Accounts Payable Chart

Coil Tubing Technology Annual Data
Trend Dec11 Dec12 Dec13 Dec14
Accounts Payable
1.15 0.41 0.33 0.45

Coil Tubing Technology Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.43 0.45 0.41 0.14 0.11

Coil Tubing Technology Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $0.11 Mil mean?
Coil Tubing Technology (CTBG) has a Accounts Payable of $0.11 Mil as of Sep. 2015. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Coil Tubing Technology and its competitors.
Is Coil Tubing Technology's Accounts Payable too high?
Coil Tubing Technology's current Accounts Payable is $0.11 Mil.
How does Coil Tubing Technology's Accounts Payable compare to ESES and BMMCF?
Coil Tubing Technology's Accounts Payable of $0.11 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for an Oil & Gas company?
A good Accounts Payable depends on the Oil & Gas industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Coil Tubing Technology and its competitors. Coil Tubing Technology's current Accounts Payable is $0.11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coil Tubing Technology stock overvalued right now?
Coil Tubing Technology (CTBG) has a current Accounts Payable of $0.11 Mil. The current Accounts Payable is $0.11 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Coil Tubing Technology (CTBG), the current Accounts Payable is $0.11 Mil as of Sep. 2015. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Coil Tubing Technology Business Description

Industry EnergyOil & Gas
Address 11237 Crown Park Drive, Suite D, Houston, TX, USA, 77067
Coil Tubing Technology Inc is a United States based company. The firm provides coil tubing products and service solutions to oil and gas clients. It is engaged in the development and marketing of specialty tools and related technical solutions used with coil tubing and jointed pipe in the bottomhole assembly for the exploration and production of hydrocarbons. Its products portfolio includes jet hammer tool, jet nozzle, oscillator, rotating tool, amplidyne, and ampli-max.