Veritas Farms Inc
Veritas Farms, Inc. focuses on growing, producing, marketing, and distributing hemp oils and extracts containing phytocannabinoids. The company's products include capsules, gummies, tinctures, lotions, salves, cream, balm sticks, lip balms, and pet chews. It markets and sells its products under the Veritas Farms brand name, as well as through bulk, white label and private label custom formulation… Read more
Veritas Farms Inc (VFRM) - Total Assets
Latest total assets as of September 2023: $8.32 Million USD
Based on the latest financial reports, Veritas Farms Inc (VFRM) holds total assets worth $8.32 Million USD as of September 2023.
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.
Veritas Farms Inc - Total Assets Trend (2015–2022)
This chart illustrates how Veritas Farms Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Veritas Farms Inc - Asset Composition Analysis
Current Asset Composition (December 2022)
Veritas Farms Inc's total assets of $8.32 Million consist of 52.0% current assets and 48.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.8% |
| Accounts Receivable | $658.35K | 9.7% |
| Inventory | $2.24 Million | 33.0% |
| Property, Plant & Equipment | $3.07 Million | 45.2% |
| Intangible Assets | $55.00K | 0.8% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2015–2022)
This chart illustrates how Veritas Farms 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: Veritas Farms Inc's current assets represent 52.0% of total assets in 2022, a decrease from 100.0% in 2015.
- Cash Position: Cash and equivalents constituted 0.8% of total assets in 2022, down from 100.0% in 2015.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2015.
- Asset Diversification: The largest asset category is property, plant & equipment at 45.2% of total assets.
Veritas Farms Inc Competitors by Total Assets
Key competitors of Veritas Farms Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Kamada
NASDAQ:KMDA
|
USA | $378.79 Million |
|
One World Pharma Inc
OTCQB:OWPC
|
USA | $6.62 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp.
KO:000100
|
Korea | ₩3.05 Trillion |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
China | CN¥4.97 Billion |
|
Kotra Industries Bhd
KLSE:0002
|
Malaysia | RM363.90 Million |
Veritas Farms 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 - Veritas Farms Inc generates 0.16x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Veritas Farms Inc is currently not profitable relative to its asset base.
Veritas Farms 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 | 0.65 | 1.58 | 4.11 |
| Quick Ratio | 0.14 | 0.36 | 0.71 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.55 Million | $ 1.66 Million | $ 2.30 Million |
Veritas Farms Inc - Advanced Valuation Insights
This section examines the relationship between Veritas Farms 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 | 0.08 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -21.0% |
| Total Assets | $6.79 Million |
| Market Capitalization | $16.39K USD |
Valuation Analysis
Below Book Valuation: The market values Veritas Farms Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Veritas Farms Inc's assets decreased by 21.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Veritas Farms Inc (2015–2022)
The table below shows the annual total assets of Veritas Farms Inc from 2015 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $6.79 Million | -20.97% |
| 2021-12-31 | $8.60 Million | -30.71% |
| 2020-12-31 | $12.41 Million | -12.73% |
| 2019-12-31 | $14.22 Million | +102.71% |
| 2018-12-31 | $7.01 Million | +34.61% |
| 2017-12-31 | $5.21 Million | +41143.79% |
| 2016-12-31 | $12.63K | +84126.67% |
| 2015-12-31 | $15.00 | -- |