Veritec Balance Sheet - Quarterly (OTCMKTS:VRTC)

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$0.08 $0 (0%) VRTC stock closing price Aug 15, 2017 (Closing)

The Veritec balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Veritec stock analysis. A company releases its balance sheet every quarter along with its quarterly results. Veritec revenue was $0.1M and Veritec operating cash flow was $-0.89M for 2017-Q3. The balance sheet shows total liabilities of $4.4M and shareholders equity of $-4.1M. View Veritec quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jul - Jun.2017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q2
Cash0.05M0.12M0.03M0.06M0.03M0.03M0.04M0.05M0.05M0.08M
Marketable Securities----------
Receivables0.01M0.01M0.01M0.01M0.01M0.02M0.02M0.03M0.15M0.04M
Inventory------0.01M0.01M0.01M0.01M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets0.01M0.01M0.01M---0.01M0.01M0.01M0.01M
Veritec Total Current Assets
0.07M0.13M0.04M0.07M0.04M0.05M0.09M0.12M0.23M0.15M
Property Plant & Equipment---0.23M---0.23M--
Accumulated Depreciation---0.23M---0.23M--
Veritec Net Property Plant & Equipment
----------
Investment & Advances----------
Other Non-Current Assets----------
Deferred Charges----------
Intangibles0.22M0.04M0.06M0.08M0.09M0.11M0.12M0.14M0.16M0.17M
Deposits & Other Assets----0.03M0.04M0.06M0.06M0.05M0.05M
Veritec Total Assets
0.29M0.18M0.11M0.15M0.17M0.21M0.28M0.33M0.45M0.38M
Notes Payable2.03M3.56M3.14M3.31M3.11M2.24M1.94M0.02M--
Accounts Payable0.73M0.77M0.76M0.72M0.71M0.77M0.74M0.72M0.76M0.71M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses0.07M0.08M0.21M0.31M0.38M0.44M0.48M0.47M0.49M0.51M
Income Taxes Payable----------
Other Current Liabilities0.74M0.27M0.11M0.16M0.42M0.44M0.47M0.51M0.58M0.48M
Veritec Total Current Liabilities
4.24M3.53M3.03M3.23M3.31M3.15M2.98M5.28M5.2M4.95M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt----------
Non-Current Capital Leases----------
Other Long-Term Liabilities0.15M0.15M0.15M0.15M0.15M0.15M0.15M0.15M0.15M0.15M
Veritec Total Liabilities
4.4M3.68M3.19M3.38M3.46M3.31M3.13M5.43M5.36M5.1M
Minority Interest----------
Preferred Stock----------
Common Stock Net0.6M0.4M0.4M0.4M0.4M0.4M0.44M0.21M0.18M0.18M
Capital Surplus17.97M17.95M17.94M17.93M17.88M17.85M17.78M14.95M14.83M14.75M
Retained Earnings-22.68M-21.86M-21.43M-21.58M-21.57M-21.36M-21.07M-20.28M-19.93M-19.65M
Treasury Stock----------
Other Liabilities----------
Veritec Shareholders Equity
-4.1M-3.5M-3.08M-3.23M-3.28M-3.09M-2.84M-5.1M-4.9M-4.71M
Veritec Total Liabilities & Shareholders Equity
0.29M0.18M0.11M0.15M0.17M0.21M0.28M0.33M0.45M0.38M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Veritec stock price by looking at Veritec historical stock prices. One can compare PE with industry average by looking at the Veritec PE ratio chart. The common balance sheet items are:
  • Assets: An asset is a resource that a corporation like Veritec owns and has monetary significance. VRTC assets grew from $0.18M in 2017-Q2 to $0.29M in 2017-Q3 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Veritec is $4.4M. Shareholders' equity comes under liabilities as it is money the company owes the holders of VRTC stock.
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Veritec Balance Sheet - Key Ratios

Current ratio
0.02
Asset Turnover
ratio
1.7
receivables turnover
ratio
57
PB ratio (
price to book ratio
)
-0.9200

Quarterly Balance Sheets For Veritec Inc Peers

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