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) - Total Assets
Latest total assets as of December 2024: $75.00K USD
Based on the latest financial reports, Veritec Inc (VRTC) holds total assets worth $75.00K 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.
Veritec Inc - Total Assets Trend (1999–2024)
This chart illustrates how Veritec Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Veritec Inc - Asset Composition Analysis
Current Asset Composition (June 2024)
Veritec Inc's total assets of $75.00K consist of 100.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 89.4% |
| Accounts Receivable | $8.00K | 6.1% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1999–2024)
This chart illustrates how Veritec 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: Veritec Inc's current assets represent 100.0% of total assets in 2024, an increase from 85.0% in 1999.
- Cash Position: Cash and equivalents constituted 89.4% of total assets in 2024, up from 7.6% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is accounts receivable at 6.1% of total assets.
Veritec Inc Competitors by Total Assets
Key competitors of Veritec Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Alpha Modus Holdings, Inc
NASDAQ:AMOD
|
USA | $403.26K |
|
Opter AB
ST:OPTER
|
Sweden | Skr42.72 Million |
|
TurnKey Capital Inc
PINK:TKCI
|
USA | $870.80 Million |
|
Digital China Information Service Co Ltd
SHE:000555
|
China | CN¥13.60 Billion |
|
Fujian Newland Computer Co Ltd
SHE:000997
|
China | CN¥13.83 Billion |
|
YGSOFT Inc
SHE:002063
|
China | CN¥4.58 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
China | CN¥25.81 Billion |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
China | CN¥1.57 Billion |
Veritec 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
Strong asset utilization - Veritec Inc generates 3.49x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Veritec Inc is currently not profitable relative to its asset base.
Veritec 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 | 0.01 | 0.01 | 0.03 |
| Quick Ratio | 0.01 | 0.01 | 0.03 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-9.72 Million | $ -8.86 Million | $ -5.48 Million |
Veritec Inc - Advanced Valuation Insights
This section examines the relationship between Veritec 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 | - |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | 78.4% |
| Total Assets | $132.00K |
| Market Capitalization | $4.00K USD |
Valuation Analysis
Below Book Valuation: The market values Veritec Inc's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Veritec Inc's assets grew by 78.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Veritec Inc (1999–2024)
The table below shows the annual total assets of Veritec Inc from 1999 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | $132.00K | +78.38% |
| 2023-06-30 | $74.00K | -6.33% |
| 2022-06-30 | $79.00K | -68.53% |
| 2021-06-30 | $251.00K | +2.87% |
| 2020-06-30 | $244.00K | +131.02% |
| 2019-06-30 | $105.62K | -30.28% |
| 2018-06-30 | $151.49K | +107.92% |
| 2017-06-30 | $72.86K | -52.24% |
| 2016-06-30 | $152.54K | -83.07% |
| 2015-06-30 | $901.22K | +420.67% |
| 2014-06-30 | $173.09K | -80.79% |
| 2013-06-30 | $901.00K | +54.68% |
| 2012-06-30 | $582.48K | +527.34% |
| 2011-06-30 | $92.85K | -51.53% |
| 2010-06-30 | $191.57K | -24.41% |
| 2009-06-30 | $253.44K | -52.11% |
| 2008-06-30 | $529.27K | -52.92% |
| 2007-06-30 | $1.12 Million | +138.43% |
| 2006-06-30 | $471.48K | +0.10% |
| 2005-06-30 | $471.00K | -72.24% |
| 2004-06-30 | $1.70 Million | +143.40% |
| 2003-06-30 | $697.11K | +137.50% |
| 2002-06-30 | $293.52K | +67.66% |
| 2001-06-30 | $175.07K | -37.74% |
| 2000-06-30 | $281.21K | +481.33% |
| 1999-06-30 | $48.37K | -- |