Canadian Spirit Resources (TSXV:SPI) Days Payable: 0.00 (As of Mar. 2026)


What is Canadian Spirit Resources Days Payable?

Canadian Spirit Resources TSXV:SPI Days Payable is 0.00 as of Mar. 2026. The stock has 3 warning signs investors should review. Among 851 Oil & Gas companies, Canadian Spirit Resources ranks better than 82.96% on this metric.

Canadian Spirit Resources's average Accounts Payable for the three months ended in Mar. 2026 was C$0.00 Mil. Canadian Spirit Resources's Cost of Goods Sold for the three months ended in Mar. 2026 was C$0.11 Mil. Hence, Canadian Spirit Resources's Days Payable for the three months ended in Mar. 2026 was 0.00.

The historical rank and industry rank for Canadian Spirit Resources's Days Payable or its related term are showing as below:

TSXV:SPI' s Days Payable Range Over the Past 10 Years
Min: 119.42   Med: 258.1   Max: 562.66
Current: 182.04

During the past 13 years, Canadian Spirit Resources's highest Days Payable was 562.66. The lowest was 119.42. And the median was 258.10.

TSXV:SPI's Days Payable is ranked better than
82.96% of 851 companies
in the Oil & Gas industry
Industry Median: 57.95 vs TSXV:SPI: 182.04

Canadian Spirit Resources's Days Payable declined from Mar. 2025 (301.88) to Mar. 2026 (0.00). It may suggest that Canadian Spirit Resources accelerated paying its suppliers.

Canadian Spirit Resources Days Payable Historical Data

* Premium members only.

The historical data trend for Canadian Spirit Resources's Days 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 Spirit Resources Days Payable Chart

Canadian Spirit Resources Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 283.82 491.49 562.66 319.38 331.59

Canadian Spirit Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days 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 301.88 212.04 198.13 83.12 0.00

TSXV:SPI vs COP, EOG, FANG: Days Payable Comparison

For the Oil & Gas E&P subindustry, Canadian Spirit Resources's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Spirit Resources Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Spirit Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where Canadian Spirit Resources's Days Payable falls into.


Canadian Spirit Resources Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Canadian Spirit Resources's Days Payable for the fiscal year that ended in Jun. 2025 is calculated as

Days Payable (A: Jun. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2024 ) + Accounts Payable (A: Jun. 2025 )) / count ) / Cost of Goods Sold (A: Jun. 2025 )*Days in Period
=( (0.311 + 0.225) / 2 ) / 0.295*365
=0.268 / 0.295*365
=331.59

Canadian Spirit Resources's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0 + 0) / 1 ) / 0.105*365 / 4
=0 / 0.105*365 / 4
=0.00

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.00 mean?
Canadian Spirit Resources (TSXV:SPI) has a Days Payable of 0.00 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Canadian Spirit Resources and its competitors. Over the past decade, Canadian Spirit Resources' Days Payable has ranged from 119.42 to 562.66. According to the industry distribution chart, Canadian Spirit Resources ranks #145 out of 851 companies in the Oil & Gas industry, placing it in the top 17%.
Is Canadian Spirit Resources' Days Payable too high?
Canadian Spirit Resources' current Days Payable is 0.00. Over the past 10 years, this metric has ranged from a low of 119.42 to a high of 562.66. Based on the distribution chart, Canadian Spirit Resources ranks #145 out of 851 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers.
How does Canadian Spirit Resources' Days Payable compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Spirit Resources ranks #145 out of 851 companies for Days Payable. This places Canadian Spirit Resources in the top 17% of its industry — outperforming the majority of peers. The industry median Days Payable is 57.95. Historically, Canadian Spirit Resources' own Days Payable has ranged from 119.42 to 562.66 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 851 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Canadian Spirit Resources and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Spirit Resources's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Spirit Resources stock overvalued right now?
Canadian Spirit Resources (TSXV:SPI) has a current Days Payable of 0.00. The current Days Payable is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Canadian Spirit Resources (TSXV:SPI), the current Days Payable is 0.00 as of Mar. 2026. 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 Spirit Resources Business Description

Industry EnergyOil & Gas
Other Exchanges CSPUF:USA
Address 140 - 4th Avenue SW, Suite 900, Calgary, AB, CAN, T2P 3N3
Canadian Spirit Resources Inc is a natural resources company focusing on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. It is focused on the exploration and production of natural gas in the Montney Formation of northeast British Columbia.