Viq Solutions Inc (VQS) - Total Assets
Based on the latest financial reports, Viq Solutions Inc (VQS) holds total assets worth CA$24.78 Million CAD as of March 2025. 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.
Viq Solutions Inc - Total Assets Trend (2004–2024)
This chart illustrates how Viq Solutions Inc's total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Viq Solutions Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Viq Solutions Inc's total assets of CA$24.78 Million consist of 26.4% current assets and 73.6% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 6.3% |
| Accounts Receivable | CA$2.91 Million | 11.8% |
| Inventory | CA$23.51K | 0.1% |
| Property, Plant & Equipment | CA$808.02K | 3.3% |
| Intangible Assets | CA$5.66 Million | 22.8% |
| Goodwill | CA$11.63 Million | 46.9% |
Asset Composition Trend (2004–2024)
This chart illustrates how Viq Solutions 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: Viq Solutions Inc's current assets represent 26.4% of total assets in 2024, a decrease from 59.9% in 2004.
- Cash Position: Cash and equivalents constituted 6.3% of total assets in 2024, down from 26.8% in 2004.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 68.0% of total assets, an increase from 22.0% in 2004.
- Asset Diversification: The largest asset category is goodwill at 46.9% of total assets.
Viq Solutions Inc Competitors by Total Assets
Key competitors of Viq Solutions Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
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¥1.58 Billion |
|
Montnets Cloud Technology Group Co Ltd
SHE:002123
|
China | CN¥3.29 Billion |
|
Beijing Shiji Information Technology Co Ltd
SHE:002153
|
China | CN¥9.36 Billion |
|
Shanghai 2345 Network Holding Group
SHE:002195
|
China | CN¥10.73 Billion |
|
Iflytek Co Ltd
SHE:002230
|
China | CN¥43.29 Billion |
Viq Solutions 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 | 0.26 | 0.36 | 0.82 |
| Quick Ratio | 0.26 | 0.36 | 0.81 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-18.72 Million | CA$-14.52 Million | CA$-1.57 Million |
Viq Solutions Inc - Advanced Valuation Insights
This section examines the relationship between Viq Solutions 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 | 0.94 |
| Latest Market Cap to Assets Ratio | 0.30 |
| Asset Growth Rate (YoY) | -16.4% |
| Total Assets | CA$24.82 Million |
| Market Capitalization | $7.42 Million USD |
Valuation Analysis
Below Book Valuation: The market values Viq Solutions Inc's assets below their book value (0.30x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Viq Solutions Inc's assets decreased by 16.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Viq Solutions Inc (2004–2024)
The table below shows the annual total assets of Viq Solutions Inc from 2004 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CA$24.82 Million | -16.37% |
| 2023-12-31 | CA$29.68 Million | -16.51% |
| 2022-12-31 | CA$35.54 Million | -25.47% |
| 2021-12-31 | CA$47.69 Million | +11.64% |
| 2020-12-31 | CA$42.72 Million | +105.69% |
| 2019-12-31 | CA$20.77 Million | -2.59% |
| 2018-12-31 | CA$21.32 Million | +118.72% |
| 2017-12-31 | CA$9.75 Million | +94.00% |
| 2016-12-31 | CA$5.02 Million | +30.14% |
| 2015-12-31 | CA$3.86 Million | +4.93% |
| 2014-12-31 | CA$3.68 Million | -16.23% |
| 2013-12-31 | CA$4.39 Million | -26.35% |
| 2012-12-31 | CA$5.96 Million | +3.31% |
| 2011-12-31 | CA$5.77 Million | +17.73% |
| 2010-12-31 | CA$4.90 Million | -6.82% |
| 2009-12-31 | CA$5.26 Million | +4.66% |
| 2008-12-31 | CA$5.03 Million | -0.59% |
| 2007-12-31 | CA$5.06 Million | -3.49% |
| 2006-12-31 | CA$5.24 Million | +12.18% |
| 2005-12-31 | CA$4.67 Million | -17.65% |
| 2004-12-31 | CA$5.67 Million | -- |
About Viq Solutions Inc
VIQ Solutions Inc. operates as a technology and service platform provider for digital evidence capture, retrieval, and content management in Australia, the United States, the United Kingdom, Canada, and internationally. It operates in two segments, Technology and Related Revenue, and Technology Services. The Technology and Related Revenue segment develops, distributes, and licenses computer-based… Read more