Veritec Inc
Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The company offers Mobile Toggle Card-Visa prepaid card program, a debit based, pre-paid, and gift card solution to debit card issuers and sponsoring organizations; and blinx ON-OFF debit card-Visa prepaid c… Read more
Veritec Inc (VRTC) - Net Assets
Latest net assets as of December 2024: $-10.12 Million USD
Based on the latest financial reports, Veritec Inc (VRTC) has net assets worth $-10.12 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($75.00K) and total liabilities ($10.19 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-10.12 Million |
| % of Total Assets | -13490.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 333.44 |
Veritec Inc - Net Assets Trend (1999–2024)
This chart illustrates how Veritec Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Veritec Inc (1999–2024)
The table below shows the annual net assets of Veritec Inc from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-06-30 | $-9.73 Million | -12.20% |
| 2023-06-30 | $-8.67 Million | -16.59% |
| 2022-06-30 | $-7.44 Million | -7.30% |
| 2021-06-30 | $-6.93 Million | -18.48% |
| 2020-06-30 | $-5.85 Million | -10.37% |
| 2019-06-30 | $-5.30 Million | -18.79% |
| 2018-06-30 | $-4.46 Million | +2.34% |
| 2017-06-30 | $-4.57 Million | -41.28% |
| 2016-06-30 | $-3.23 Million | +34.19% |
| 2015-06-30 | $-4.91 Million | -7.23% |
| 2014-06-30 | $-4.58 Million | +6.74% |
| 2013-06-30 | $-4.91 Million | -14.70% |
| 2012-06-30 | $-4.28 Million | -20.09% |
| 2011-06-30 | $-3.57 Million | -38.35% |
| 2010-06-30 | $-2.58 Million | -116.14% |
| 2009-06-30 | $-1.19 Million | -738.71% |
| 2008-06-30 | $186.75K | -71.83% |
| 2007-06-30 | $663.02K | +106.79% |
| 2006-06-30 | $-9.76 Million | 0.00% |
| 2005-06-30 | $-9.76 Million | -508.88% |
| 2004-06-30 | $-1.60 Million | +10.45% |
| 2003-06-30 | $-1.79 Million | -105.60% |
| 2002-06-30 | $-870.52K | +11.97% |
| 2001-06-30 | $-988.87K | -81.45% |
| 2000-06-30 | $-544.98K | +48.83% |
| 1999-06-30 | $-1.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Veritec Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1753139100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $400.00K | % |
| Other Comprehensive Income | $12.00K | % |
| Other Components | $18.14 Million | % |
| Total Equity | $-9.73 Million | 100.00% |
Veritec Inc Competitors by Market Cap
The table below lists competitors of Veritec Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fiinu PLC
LSE:BANK
|
$4.00K |
|
Petrolimex Saigon
VN:PSC
|
$4.00K |
|
TOTALENERGIES MARKETING NIGERIA PLC
XNSA:TOTAL
|
$4.00K |
|
WDC NETWORKSON NM
SA:WDCN3
|
$4.00K |
|
Ameriwest Critical Metals Inc.
F:5HV
|
$3.99K |
|
HAYS - Dusseldorf Stock Exchang
DU:HAY
|
$3.99K |
|
Obour Land For Food Industries
EGX:OLFI
|
$3.99K |
|
Frontera Group Inc
PINK:FRTG
|
$3.99K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veritec Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -8,670,000 to -9,728,000, a change of -1,058,000.
- Net loss of 1,058,000 reduced equity.
- Other factors decreased equity by 0.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.06 Million | -10.88% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares Veritec Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-06-30 | $-0.30 | $0.01 | x |
| 2000-06-30 | $-0.10 | $0.01 | x |
| 2001-06-30 | $-0.15 | $0.01 | x |
| 2002-06-30 | $-0.13 | $0.01 | x |
| 2003-06-30 | $-0.25 | $0.01 | x |
| 2004-06-30 | $-0.23 | $0.01 | x |
| 2006-06-30 | $-0.88 | $0.01 | x |
| 2007-06-30 | $0.04 | $0.01 | x |
| 2008-06-30 | $0.01 | $0.01 | x |
| 2009-06-30 | $-0.08 | $0.01 | x |
| 2010-06-30 | $-0.16 | $0.01 | x |
| 2011-06-30 | $-0.22 | $0.01 | x |
| 2012-06-30 | $-0.27 | $0.01 | x |
| 2014-06-30 | $-0.24 | $0.01 | x |
| 2015-06-30 | $-0.31 | $0.01 | x |
| 2016-06-30 | $-0.10 | $0.01 | x |
| 2017-06-30 | $-0.12 | $0.01 | x |
| 2018-06-30 | $-0.11 | $0.01 | x |
| 2019-06-30 | $-0.13 | $0.01 | x |
| 2020-06-30 | $-0.15 | $0.01 | x |
| 2021-06-30 | $-0.17 | $0.01 | x |
| 2022-06-30 | $-0.19 | $0.01 | x |
| 2023-06-30 | $-0.22 | $0.01 | x |
| 2024-06-30 | $-0.24 | $0.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veritec Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -229.50%
- • Asset Turnover: 3.49x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-18.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 0.00% | -387.82% | 2.41x | 0.00x | $-344.73K |
| 2000 | 0.00% | -39.85% | 3.95x | 0.00x | $-388.57K |
| 2001 | 0.00% | -408.58% | 1.03x | 0.00x | $-634.48K |
| 2002 | 0.00% | -32.34% | 1.92x | 0.00x | $-95.59K |
| 2003 | 0.00% | -50.03% | 3.37x | 0.00x | $-997.96K |
| 2004 | 0.00% | -1.17% | 1.75x | 0.00x | $125.46K |
| 2006 | 0.00% | -581.10% | 3.43x | 0.00x | $-8.42 Million |
| 2007 | -39.40% | -11.84% | 1.96x | 1.70x | $-327.50K |
| 2008 | -411.72% | -57.69% | 2.52x | 2.83x | $-787.55K |
| 2009 | 0.00% | -183.44% | 3.57x | 0.00x | $-1.54 Million |
| 2010 | 0.00% | -182.82% | 4.92x | 0.00x | $-1.46 Million |
| 2011 | 0.00% | -111.84% | 9.54x | 0.00x | $-633.52K |
| 2012 | 0.00% | -144.25% | 1.01x | 0.00x | $-418.13K |
| 2014 | 0.00% | 18.47% | 9.45x | 0.00x | $760.26K |
| 2015 | 0.00% | -114.08% | 0.80x | 0.00x | $-330.25K |
| 2016 | 0.00% | -190.59% | 4.47x | 0.00x | $-974.77K |
| 2017 | 0.00% | -420.79% | 4.47x | 0.00x | $-913.01K |
| 2018 | 0.00% | -3.65% | 3.29x | 0.00x | $427.91K |
| 2019 | 0.00% | -277.10% | 2.90x | 0.00x | $-319.47K |
| 2020 | 0.00% | -131.51% | 1.80x | 0.00x | $8.90K |
| 2021 | 0.00% | -382.52% | 1.55x | 0.00x | $-795.00K |
| 2022 | 0.00% | -143.34% | 4.47x | 0.00x | $237.60K |
| 2023 | 0.00% | -346.63% | 4.81x | 0.00x | $-367.00K |
| 2024 | 0.00% | -229.50% | 3.49x | 0.00x | $-85.20K |
Industry Comparison
This section compares Veritec Inc's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $679,817,884
- Average return on equity (ROE) among peers: -17.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veritec Inc (VRTC) | $-10.12 Million | 0.00% | N/A | $4.00K |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $849.93K | -14.47% | 0.09x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $1.10 Billion | 24.20% | 0.41x | $103.05 Billion |
| Adcore Inc (ADCOF) | $1.19 Million | -17.83% | 0.01x | $3.03 Million |
| ADEIA CORP (ADEA) | $572.18 Million | 12.20% | 0.08x | $2.45 Billion |
| Automatic Data Processing Inc (ADP) | $5.32 Billion | 25.04% | 3.76x | $84.01 Billion |
| Autodesk Inc (ADSK) | $-256.00 Million | 0.00% | 0.00x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-2.61 Million | 0.00% | 0.00x | $0.96 |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $49.81 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.93 |