SONG (Music Licensing) Accounts Payable: $0.5 Mil (As of Jun. 2024)


What is Music Licensing Accounts Payable?

Music Licensing SONG +16.28% Accounts Payable is $0.5 Mil as of Jun. 2024.

Music Licensing's Accounts Payable for the quarter that ended in Jun. 2024 was $0.5 Mil.

Music Licensing's quarterly Accounts Payable stayed the same from Dec. 2023 ($0.4 Mil) to Mar. 2024 ($0.4 Mil) but then increased from Mar. 2024 ($0.4 Mil) to Jun. 2024 ($0.5 Mil).

Music Licensing's annual Accounts Payable increased from Dec. 2021 ($0.0 Mil) to Dec. 2022 ($0.1 Mil) and increased from Dec. 2022 ($0.1 Mil) to Dec. 2023 ($0.4 Mil).

Music Licensing Accounts Payable Related Terms

Music Licensing Accounts Payable Historical Data

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The historical data trend for Music Licensing'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.

Music Licensing Accounts Payable Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Accounts Payable
0.01 0.09 0.41

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Accounts Payable Get a 7-Day Free Trial 0.06 0.09 0.41 0.41 0.50

Music Licensing 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 $0.5 Mil mean?
Music Licensing (SONG) has a Accounts Payable of $0.5 Mil as of Jun. 2024. 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 Music Licensing and its competitors.
Is Music Licensing's Accounts Payable too high?
Music Licensing's current Accounts Payable is $0.5 Mil.
How does Music Licensing's Accounts Payable compare to NFLX and DIS?
Music Licensing's Accounts Payable of $0.5 Mil can be compared against companies in the Media - Diversified 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 a Media - Diversified company?
A good Accounts Payable depends on the Media - Diversified 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 Music Licensing and its competitors. Music Licensing's current Accounts Payable is $0.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Accounts Payable of $0.5 Mil. The current Accounts Payable is $0.5 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 Music Licensing (SONG), the current Accounts Payable is $0.5 Mil as of Jun. 2024. 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.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.