VELXQ (Canadian Overseas Petroleum) Accounts Payable: $8.85 Mil (As of Sep. 2023)


What is Canadian Overseas Petroleum Accounts Payable?

Canadian Overseas Petroleum VELXQ -99.67% Accounts Payable is $8.85 Mil as of Sep. 2023.

Canadian Overseas Petroleum's Accounts Payable for the quarter that ended in Sep. 2023 was $8.85 Mil.

Canadian Overseas Petroleum's quarterly Accounts Payable increased from Mar. 2023 ($5.72 Mil) to Jun. 2023 ($6.04 Mil) and increased from Jun. 2023 ($6.04 Mil) to Sep. 2023 ($8.85 Mil).

Canadian Overseas Petroleum's annual Accounts Payable increased from Dec. 2020 ($1.07 Mil) to Dec. 2021 ($6.02 Mil) and increased from Dec. 2021 ($6.02 Mil) to Dec. 2022 ($7.33 Mil).

Canadian Overseas Petroleum Accounts Payable Related Terms

Canadian Overseas Petroleum Accounts Payable Historical Data

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The historical data trend for Canadian Overseas Petroleum'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.

Canadian Overseas Petroleum Accounts Payable Chart

Canadian Overseas Petroleum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.55 1.07 6.02 7.33

Canadian Overseas Petroleum Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.26 7.33 5.72 6.04 8.85

Canadian Overseas Petroleum 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 $8.85 Mil mean?
Canadian Overseas Petroleum (VELXQ) has a Accounts Payable of $8.85 Mil as of Sep. 2023. 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 Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Accounts Payable too high?
Canadian Overseas Petroleum's current Accounts Payable is $8.85 Mil.
How does Canadian Overseas Petroleum's Accounts Payable compare to COP and EOG?
Canadian Overseas Petroleum's Accounts Payable of $8.85 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 Canadian Overseas Petroleum and its competitors. Canadian Overseas Petroleum's current Accounts Payable is $8.85 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Overseas Petroleum stock overvalued right now?
Canadian Overseas Petroleum (VELXQ) has a current Accounts Payable of $8.85 Mil. The current Accounts Payable is $8.85 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 Canadian Overseas Petroleum (VELXQ), the current Accounts Payable is $8.85 Mil as of Sep. 2023. 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.

Canadian Overseas Petroleum Business Description

Industry EnergyOil & Gas
Address 715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6
Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.