However, DICT appears to be facing a bigger problem: Asiddao said that after doing a “house cleaning”, they found out that the past administration actually had payables to companies who did not enter a contract with the department.

Source: https://newsinfo.inquirer.net/1774589/solons-tell-dict-settle-billions-worth-of-payables-using-unutilized-funds

It is mostly because inventory is rising, but also note the widest difference between account payables vs. receivables.

Source: https://seekingalpha.com/article/4577864-dicks-sporting-goods-fast-expansion-with-weaker-cash-flow?source=feed_all_articles

So when we have a 30th of June is a Friday, we have extra money in there to fund those transactions over the weekend, which is why the trade payables number pops up at 30 June and also the restricted cash is also popped up.

Source: https://seekingalpha.com/article/4631816-zip-co-limited-ziztf-q4-2023-earnings-call-transcript?source=feed_all_articles

This transaction eliminated $452 million of Emeren's debt, which was then still called ReneSola, as well as $217 million in intercompany payables that ReneSola owed to the ReneSola Singapore division.

Source: https://seekingalpha.com/article/4644797-emeren-group-debt-laden-renewable-upstart-sol?source=feed_all_articles

Trade payables and other short-term monetary liabilities are initially recognised at fair value and subsequently carried at amortised cost using the effective interest method.

Source: https://www.marketscreener.com/quote/stock/BIODEXA-PHARMACEUTICALS-P-56976425/news/Midatech-Pharma-Biodexa-Pharmaceuticals-PLC-Annual-Report-2022Biodexa-Pharmaceuticals-PLC-formerly-44014821/?utm_medium=RSS&utm_content=20230601

We will fund this inventory investment with trade payables and borrowings under our credit facility.

Source: https://seekingalpha.com/article/4610352-kirklands-inc-kirk-q1-2023-earnings-call-transcript?source=feed_all_articles