Virtusa Balance Sheet - Quarterly (NASDAQ:VRTU)

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$55.89 $0.88 (1.6%) VRTU stock closing price Sep 20, 2018 (Closing)

The financial analysis of a company like Virtusa involves checking the three financial statements of the company in detail, of which the balance sheet is one. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Virtusa stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. Apart from analyzing Virtusa revenue Virtusa operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Virtusa balance sheet for 2019 Q1 shows cash on hand of $155.3M. The company has a debt to equity ratio of 0.57.

View and download Virtusa quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Apr - Mar2019 Q12018 Q42018 Q32018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q4
Cash155.3M195.19M226.98M163.19M154.24M145.08M134.09M159.12M141.42M242.9M
Marketable Securities56.4M45.9M66.53M76.66M62.43M72.02M80.73M42.53M48.12M53.91M
Receivables264.42M255.28M205.49M203.59M203.01M201.57M189.05M182M186.89M196.59M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets53.21M52.95M56.06M63.24M68.58M61.55M56.96M48.5M44.07M35.36M
Total Current Assets
529.32M549.33M555.07M506.7M488.27M480.24M460.85M432.16M420.52M528.77M
Property Plant & Equipment-192.02M---176.54M167.9M153.98M159.51M159M
Accumulated Depreciation-70.46M---57.65M53.33M40.11M44.99M42.72M
Net Property Plant & Equipment
124.46M121.56M120.39M119.04M118.63M118.89M114.56M113.87M114.52M116.28M
Investment & Advances3.32M5.72M12.32M16.77M20.36M21.76M24.21M28.7M22.18M31.68M
Other Non-Current Assets----------
Deferred Charges35.67M31.52M26.77M27.23M23.54M23.09M19.63M13.97M15.5M15.89M
Intangibles380.82M393.25M266.48M265.27M268.72M269.45M263.87M260.51M259.53M267.27M
Deposits & Other Assets16.53M11.77M12.51M9.31M9.14M9.98M9.36M17.15M17.29M20.1M
Total Assets
1.09B1.11B993.55M944.35M928.69M923.42M892.51M866.38M849.56M980.01M
Notes Payable----------
Accounts Payable29.05M29.54M22.06M22.25M22.17M20.51M30.7M25.11M23.76M27.45M
Current Portion Long-Term Debt13.66M11.4M---8.87M8.87M8.87M8.87M8.88M
Current Portion Capital Leases----------
Accrued Expenses155.27M162.8M94.94M89.8M78.89M85.83M68.23M69.8M65.92M96.66M
Income Taxes Payable7.03M5.03M4M3.78M3.81M3.06M2.88M1.78M2.41M2.3M
Other Current Liabilities6.8M7.9M9.91M9.75M9.78M7.47M10.87M8.55M5.95M5.97M
Total Current Liabilities
211.8M216.7M130.93M125.59M114.66M125.76M121.55M114.12M106.93M141.26M
Mortgages----------
Deferred Taxes/Income19.31M21.34M23.15M23.56M25.39M26.68M25.21M16.75M16.8M16.12M
Convertible Debt----------
Long-Term Debt285.38M288.22M130.43M105.15M104.86M176.72M178.93M181.15M183.37M185.63M
Non-Current Capital Leases----------
Other Long-Term Liabilities45.25M43.83M23.24M9.73M10.2M9.23M8.79M9.26M9.8M9.03M
Total Liabilities
561.74M570.1M307.77M264.04M255.14M338.4M334.49M321.3M316.91M352.05M
Minority Interest----------
Preferred Stock107.04M106.99M106.95M106.91M106.87M-----
Common Stock Net----------
Capital Surplus266.59M260.61M326.66M316.79M310.52M305.38M301.23M302.14M297.79M297.62M
Retained Earnings231.1M238.01M236.22M247.36M243.68M240.72M230.26M225.82M222.61M228.87M
Treasury Stock39.65M39.65M39.65M39.65M36.97M9.65M9.65M9.65M9.65M9.65M
Other Liabilities-37.02M-23.22M55.27M48.56M49.11M48.23M35.84M26.44M21.57M110.8M
Shareholders Equity528.38M543.07M685.78M680.3M673.55M585.01M558.01M545.08M532.64M627.95M
Total Liabilities & Shareholders Equity1.09B1.11B993.55M944.35M928.69M923.42M892.51M866.38M849.56M980.01M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Virtusa historical stock prices and the current Virtusa stock price can tell you how the stock price has moved, whereas the Virtusa PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:

  • Assets: An asset is a resource that a corporation like Virtusa owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for VRTU stock as of 2019 Q1 is $1.09B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Virtusa's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for VRTU stock stand at $561.74M.

Virtusa Balance Sheet - Key Ratios

Current ratio
2.5
Debt to equity ratio
0.57
Asset turnover ratio
1.09
Receivables turnover
4.83
Price to book ratio
2.66