Veren Inc
As of May 12, 2025, Veren Inc. was acquired by Whitecap Resources Inc. Veren Inc. engages in acquiring, developing, and holding interests in petroleum assets operations across western Canada. Veren Inc. was formerly known as Crescent Point Energy Corp. and changed its name to Veren Inc. in May 2024. The company was founded in 1994 and is based in Calgary, Canada.
Veren Inc (VRN) - Total Assets
Latest total assets as of December 2024: $11.75 Billion USD
Based on the latest financial reports, Veren Inc (VRN) holds total assets worth $11.75 Billion USD as of December 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Veren Inc - Total Assets Trend (2001–2024)
This chart illustrates how Veren Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Veren Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Veren Inc's total assets of $11.75 Billion consist of 5.8% current assets and 94.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.2% |
| Accounts Receivable | $393.70 Million | 3.4% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $243.80 Million | 2.1% |
Asset Composition Trend (2001–2024)
This chart illustrates how Veren Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Veren Inc's current assets represent 5.8% of total assets in 2024, a decrease from 17.0% in 2001.
- Cash Position: Cash and equivalents constituted 0.2% of total assets in 2024, down from 10.2% in 2001.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, an increase from 0.0% in 2001.
- Asset Diversification: The largest asset category is accounts receivable at 3.4% of total assets.
Veren Inc Competitors by Total Assets
Key competitors of Veren Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Bounty Oil & Gas NL
PINK:BYOGF
|
USA | $8.51 Million |
|
Shanxi Blue Flame Holding Co Ltd
SHE:000968
|
China | CN¥11.13 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
China | CN¥40.74 Billion |
|
P/F Atlantic Petroleum
CO:ATLA-DKK
|
Denmark | Dkr7.35 Million |
|
East West Minerals Ltd.
F:37A0
|
Germany | €4.02 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
Malaysia | RM7.43 Billion |
|
Reach Energy Bhd
KLSE:5256
|
Malaysia | RM861.30 Million |
|
Geo-Jade Petroleum Corp
SHG:600759
|
China | CN¥12.56 Billion |
Veren Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Veren Inc generates 0.38x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Veren Inc generates $ 2.33 in net profit.
Veren Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.57 | 0.76 | 1.16 |
| Quick Ratio | 0.57 | 0.82 | 1.16 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-510.90 Million | $ -323.50 Million | $ 74.90 Million |
Veren Inc - Advanced Valuation Insights
This section examines the relationship between Veren Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.75 |
| Latest Market Cap to Assets Ratio | 0.31 |
| Asset Growth Rate (YoY) | -8.0% |
| Total Assets | $11.75 Billion |
| Market Capitalization | $3.65 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Veren Inc's assets below their book value (0.31 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Veren Inc's assets decreased by 8.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Veren Inc (2001–2024)
The table below shows the annual total assets of Veren Inc from 2001 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $11.75 Billion | -8.02% |
| 2023-12-31 | $12.78 Billion | +34.67% |
| 2022-12-31 | $9.49 Billion | +3.44% |
| 2021-12-31 | $9.17 Billion | +38.00% |
| 2020-12-31 | $6.65 Billion | -34.15% |
| 2019-12-31 | $10.09 Billion | -20.73% |
| 2018-12-31 | $12.73 Billion | -20.46% |
| 2017-12-31 | $16.01 Billion | -0.98% |
| 2016-12-31 | $16.16 Billion | -8.24% |
| 2015-12-31 | $17.62 Billion | +6.98% |
| 2014-12-31 | $16.47 Billion | +29.29% |
| 2013-12-31 | $12.74 Billion | +4.99% |
| 2012-12-31 | $12.13 Billion | +38.89% |
| 2011-12-31 | $8.73 Billion | +11.04% |
| 2010-12-31 | $7.87 Billion | +44.61% |
| 2009-12-31 | $5.44 Billion | +64.45% |
| 2008-12-31 | $3.31 Billion | +26.56% |
| 2007-12-31 | $2.61 Billion | +90.28% |
| 2006-12-31 | $1.37 Billion | +69.92% |
| 2005-12-31 | $808.30 Million | +103.44% |
| 2004-12-31 | $397.32 Million | +93.42% |
| 2003-12-31 | $205.41 Million | +175.10% |
| 2002-12-31 | $74.67 Million | +460.20% |
| 2001-12-31 | $13.33 Million | -- |