OLB Group, Inc. Accounts Payable

Accounts Payable of OLB 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 December 30, 2020 was $261 Thousand (a 79.41% increase compared to previous quarter)
  • Year-over-year quarterly Accounts Payable decreased by -10.82%
  • Annual Accounts Payable for 2020 was $127 Thousand (a -82.3% decrease from previous year)
  • Annual Accounts Payable for 2019 was $718 Thousand (a 16.46% increase from previous year)
  • Annual Accounts Payable for 2018 was $617 Thousand (a 154.31% increase from previous year)
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Historical Accounts Payable of OLB Group, Inc.

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

Interactive Chart of Accounts Payable of OLB Group, Inc.

OLB Group, Inc. Accounts Payable for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $0.26 $0.15 $0.96 $0.29 $0.13
2019 $0.62 $0.72
2018 $0.47 $0.62
2017 $0.24
2016 $0.19

Business Profile of OLB Group, Inc.

Sector: Technology
Industry: Software—Application
The OLB Group, Inc. operates as a FinTech and payment facilitator company in the United States. It offers OmniSoft, a cloud-based business management platform that provides turnkey solutions for merchants to enable them to build and manage their retail businesses; eVance, a payment processing solution; SecurePay, a payment gateway and virtual terminal with proprietary business management tools; and CrowdPay.us, a white label capital raising platform. The company also operates ShopFast, a cloud-based omni-channel softwares. In addition, it provides ecommerce development and consulting services. The company was incorporated in 1993 and is headquartered in New York, New York.