International Seaways Inc. Accounts Payable

Accounts Payable of INSW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Accounts Payable growth rates and interactive chart. Accounts payable (AP) represents a company's obligation to pay off a short-term debt to its creditors or suppliers. Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet. The increase or decrease in total AP from the prior period appears on the cash flow statement.

Highlights and Quick Summary

  • Accounts Payable for the quarter ending March 30, 2021 was $24.5 Million (a -27.8% decrease compared to previous quarter)
  • Year-over-year quarterly Accounts Payable decreased by -15.36%
  • Annual Accounts Payable for 2020 was $3 Million (a -40.0% decrease from previous year)
  • Annual Accounts Payable for 2019 was $5 Million (a 400.0% increase from previous year)
  • Annual Accounts Payable for 2018 was $1 Million (a Infinity% increase from previous year)
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Historical Accounts Payable of International Seaways Inc.

Most recent Accounts Payableof INSW including historical data for past 10 years.

Interactive Chart of Accounts Payable of International Seaways Inc.

International Seaways Inc. Accounts Payable for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $24.55
2020 $34.0 $27.0 $29.0 $33.0 $3.0
2019 $5.0 $29.95 $34.43 $33.23 $5.0
2018 $23.01 $25.11 $32.97 $24.71 $1.0
2017 $22.81 $24.21 $29.72 $37.57 $0.0
2016 $38.24 $28.92 $26.94 $3.0
2015 $30.78
2014 $25.33 $25.34

Business Profile of International Seaways Inc.

Sector: Industrials
Industry: Marine Shipping
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the International Flag trade. It operates through two segments, Crude Tankers and Product Carriers. As of March 12, 2021, the company owned and operated a fleet of 36 vessels, including 11 very large crude carriers, 2 Suezmaxes, 4 Aframaxes/LR2s, 13 Panamaxes/LR1s, and 4 medium range tankers, as well as had ownership interests in two floating storage and offloading service vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. The company was incorporated in 1999 and is headquartered in New York, New York.