GreenTree Hospitality Group Ltd. Accounts Payables 2011-2025 | GHG

Accounts payable — are the obligations of an organization to other legal entities or individuals that arise in cases when the company has acquired goods or services on deferred payment terms, has not paid taxes and fees, has wage arrears to employees, or has received loans and other liabilities. Accounts payable arise when an organization has already received some benefit but has not yet paid for it.

Main types of accounts payable

Type of liability	Example
To suppliers and contractors	Goods received but not yet paid for
Taxes and fees	VAT, income tax, etc., not paid on time
Salaries	Employee wages not paid
To budgets	Insurance contributions to funds not paid
To founders	Founders provided borrowed funds
To banks	Overdue loan payments
Other	Fines, penalties, forfeits, customer prepayments, etc.

Impact on the company's financial performance

Liquidity and solvency
Accounts payable are part of short-term liabilities, so they affect liquidity ratios
Financial stability
The higher the share of borrowed funds (including accounts payable), the lower the company's level of independence
Capital turnover
Moderate accounts payable can positively affect working capital by allowing the company to use “free” financing from suppliers (payment deferrals)
Risks and reputation
Large and especially overdue accounts payable may indicate financial difficulties. This can deter investors, partners, and lenders, and at a critical level of debt and lack of resources to repay it, bankruptcy proceedings may be initiated

Annual Accounts Payables GreenTree Hospitality Group Ltd.

2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
-	19.6 M	15.3 M	9.18 M	-	-	-	-	-	-	-

All numbers in CNY currency

Indicator range from annual reports

Maximum	Minimum	Average
19.6 M	9.18 M	14.7 M

Quarterly Accounts Payables GreenTree Hospitality Group Ltd.

2022-Q4	2022-Q3	2022-Q2	2022-Q1	2021-Q4	2021-Q3	2021-Q2	2021-Q1	2020-Q4	2020-Q3	2020-Q2	2020-Q1	2019-Q4	2019-Q3	2019-Q2	2019-Q1	2018-Q4	2018-Q3	2018-Q2	2018-Q1	2017-Q4	2017-Q3	2017-Q2	2017-Q1	2016-Q4	2016-Q3	2016-Q2	2016-Q1	2015-Q4	2015-Q3	2015-Q2	2015-Q1	2014-Q4	2014-Q3	2014-Q2	2014-Q1	2013-Q4	2013-Q3	2013-Q2	2013-Q1	2012-Q4	2012-Q3	2012-Q2	2012-Q1	2011-Q4	2011-Q3	2011-Q2	2011-Q1
-	-	-	-	24 M	-	-	-	19.6 M	-	-	-	15.3 M	-	-	-	9.18 M	-	-	-	7.29 M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

All numbers in CNY currency

Indicator range from quarterly reporting

Maximum	Minimum	Average
24 M	7.29 M	15.1 M

Accounts Payables of other stocks in the Resorts casinos industry

Issuer	Accounts Payables	Price	% 24h	Market Cap	Country
Golden Entertainment GDEN	21.7 M	$ 28.28	0.25 %	$ 797 M	USA
Boyd Gaming Corporation BYD	131 M	$ 84.78	-0.12 %	$ 7.91 B	USA
Full House Resorts FLL	12.8 M	$ 2.88	-6.49 %	$ 99.4 M	USA
Hyatt Hotels Corporation H	475 M	$ 166.0	2.71 %	$ 16.6 B	USA
Hilton Grand Vacations HGV	1.12 B	$ 43.64	-0.83 %	$ 4.45 B	USA
Century Casinos CNTY	21 M	$ 1.33	1.53 %	$ 40.7 M	USA
Las Vegas Sands Corp. LVS	164 M	$ 66.83	2.45 %	$ 49.1 B	USA
Marriott International MAR	763 M	$ 308.17	3.16 %	$ 87.6 B	USA
Huazhu Group Limited HTHT	983 M	$ 47.76	-0.46 %	$ 149 B	China
The InterGroup Corporation INTG	12.7 M	$ 29.68	2.84 %	$ 64.2 M	USA
Hilton Worldwide Holdings HLT	409 M	$ 286.01	2.08 %	$ 70.9 B	USA
MGM Resorts International MGM	413 M	$ 37.43	0.07 %	$ 11.5 B	USA
Melco Resorts & Entertainment Limited MLCO	24.8 M	$ 7.96	-1.91 %	$ 10.3 B	China
Studio City International Holdings Limited MSC	206 K	$ 3.48	3.42 %	$ 668 M	Canada
Vail Resorts MTN	140 M	$ 159.8	-1.25 %	$ 5.94 B	USA
Choice Hotels International CHH	135 M	$ 91.04	-0.3 %	$ 4.34 B	USA
Penn National Gaming PENN	50.8 M	$ 13.77	-3.61 %	$ 2.09 B	USA
Monarch Casino & Resort MCRI	41.2 M	$ 100.41	1.65 %	$ 1.87 B	USA
Caesars Entertainment CZR	296 M	$ 23.88	-2.67 %	$ 5.13 B	USA
Red Rock Resorts RRR	31.8 M	-	2.49 %	$ 4.56 B	USA
Wyndham Hotels & Resorts WH	37 M	$ 77.57	1.53 %	$ 6.17 B	USA
Wynn Resorts, Limited WYNN	205 M	$ 126.36	2.18 %	$ 13.9 B	USA