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 Liabilities
Latest total liabilities as of September 2023: $8.11 Million USD
Based on the latest financial reports, Veritas Farms Inc (VFRM) has total liabilities worth $8.11 Million USD as of September 2023.
Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities.
Veritas Farms Inc - Total Liabilities Trend (2014–2022)
This chart illustrates how Veritas Farms Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Veritas Farms Inc Competitors by Total Liabilities
The table below lists competitors of Veritas Farms Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
Arch Meter Corporation
TW:4588
|
Taiwan | NT$1.14 Billion |
|
CHINA COAL ENERG-H-
MU:CVV
|
Germany | €169.77 Billion |
Liability Composition Analysis (2014–2022)
This chart breaks down Veritas Farms Inc's total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted.
Liquidity & Leverage Metrics
Key Metrics Explained
| Metric | Value | Description |
|---|---|---|
| Current Ratio | 0.65 | Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities) |
| Quick Ratio | N/A | More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities) |
| Cash Ratio | N/A | Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities) |
| Debt to Equity | 39.10 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 0.98 | Portion of assets financed with debt (Total Liabilities ÷ Total Assets) |
Liability Trends Comparison
This chart compares key liability metrics across different time periods, showing how Veritas Farms Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Veritas Farms Inc (2014–2022)
The table below shows the annual total liabilities of Veritas Farms Inc from 2014 to 2022.
| Year | Total Liabilities | Change |
|---|---|---|
| 2022-12-31 | $7.40 Million | +96.17% |
| 2021-12-31 | $3.77 Million | -20.76% |
| 2020-12-31 | $4.76 Million | +135.29% |
| 2019-12-31 | $2.02 Million | +116.46% |
| 2018-12-31 | $934.74K | -55.54% |
| 2017-12-31 | $2.10 Million | +3133.10% |
| 2016-12-31 | $65.03K | +3.72% |
| 2015-12-31 | $62.70K | +4.49% |
| 2014-12-31 | $60.00K | -- |