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 Liabilities
Latest total liabilities as of December 2024: $10.19 Million USD
Based on the latest financial reports, Veritec Inc (VRTC) has total liabilities worth $10.19 Million USD as of December 2024.
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.
Veritec Inc - Total Liabilities Trend (1999–2024)
This chart illustrates how Veritec Inc's total liabilities have evolved over time, based on quarterly financial data. Explore and compare other companies by total liabilities.
Veritec Inc Competitors by Total Liabilities
The table below lists competitors of Veritec Inc ranked by their total liabilities.
| Company | Country | Total Liabilities |
|---|---|---|
|
CHANGAN MINSHENG-H-
BE:W8R
|
Germany | €2.98 Billion |
|
Fiinu PLC
LSE:BANK
|
UK | GBX300.96K |
|
Frontera Group Inc
PINK:FRTG
|
USA | $6.62 Million |
|
G6 Materials Corp
PINK:GPHBF
|
USA | $930.72K |
Liability Composition Analysis (1999–2024)
This chart breaks down Veritec 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 | 0.01 | 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 | -1.01 | Measures financial leverage (Total Liabilities ÷ Shareholder Equity) |
| Debt to Assets | 135.91 | 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 Veritec Inc's debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.
Annual Total Liabilities for Veritec Inc (1999–2024)
The table below shows the annual total liabilities of Veritec Inc from 1999 to 2024.
| Year | Total Liabilities | Change |
|---|---|---|
| 2024-06-30 | $9.86 Million | +12.76% |
| 2023-06-30 | $8.74 Million | +16.35% |
| 2022-06-30 | $7.51 Million | +4.65% |
| 2021-06-30 | $7.18 Million | +17.86% |
| 2020-06-30 | $6.09 Million | +12.73% |
| 2019-06-30 | $5.40 Million | +17.18% |
| 2018-06-30 | $4.61 Million | -0.61% |
| 2017-06-30 | $4.64 Million | +37.07% |
| 2016-06-30 | $3.39 Million | -41.77% |
| 2015-06-30 | $5.81 Million | +22.28% |
| 2014-06-30 | $4.76 Million | -18.21% |
| 2013-06-30 | $5.81 Million | +19.49% |
| 2012-06-30 | $4.87 Million | +32.96% |
| 2011-06-30 | $3.66 Million | +32.13% |
| 2010-06-30 | $2.77 Million | +91.51% |
| 2009-06-30 | $1.45 Million | +322.24% |
| 2008-06-30 | $342.52K | -25.73% |
| 2007-06-30 | $461.15K | -95.49% |
| 2006-06-30 | $10.23 Million | +0.01% |
| 2005-06-30 | $10.23 Million | +210.04% |
| 2004-06-30 | $3.30 Million | +32.67% |
| 2003-06-30 | $2.49 Million | +113.65% |
| 2002-06-30 | $1.16 Million | +0.01% |
| 2001-06-30 | $1.16 Million | +40.88% |
| 2000-06-30 | $826.18K | -25.79% |
| 1999-06-30 | $1.11 Million | -- |