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Veritec Inc   (VRTC)
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Veritec Inc 's Quick Ratio

VRTC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


In the wake of the increase in Current Liabilities in the second quarter 2023, Quick Ratio fell to 0.01 below Veritec Inc average.

Within Internet Services & Social Media industry 43 other companies have achieved higher Quick Ratio than Veritec Inc in second quarter 2023. While Quick Ratio total ranking has improved so far during the II Quarter 2023 to 2806, from total ranking in the first quarter 2023 at 4712.

Explain Quick Ratio?
How much Cash & cash equivalents VRTC´s has?
What are VRTC´s Current Liabilities?


VRTC Quick Ratio (Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities Change 13.46 % 11.98 % 13.98 % 8.45 % 7.92 %
Y / Y Cash & cash equivalent Change -67.76 % -65.13 % -7.58 % -32.28 % 2.23 %
Quick Ratio MRQ 0.01 0.01 0.01 0.02 0.02
VRTC's Total Ranking # 2806 # 4712 # 4981 # 5084 # 5539
Seq. Current Liabilities Change 3.26 % 3.52 % 2.27 % 3.8 % 1.91 %
Seq. Cash & cash equivalent Change 11.32 % -13.11 % -52.34 % -30.05 % 20.39 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Internet Services & Social Media Industry # 44
Technology Sector # 415
Overall Market # 2802


Quick Ratio Statistics
High Average Low
0.04 0.02 0
(Jun 30 2020)   (Sep 30 2014)




Financial Statements
Veritec Inc 's Current Liabilities $ 9 Millions Visit VRTC's Balance sheet
Veritec Inc 's Cash & cash equivalent $ 0 Millions Visit VRTC's Balance sheet
Source of VRTC's Sales Visit VRTC's Sales by Geography


Cumulative Veritec Inc 's Quick Ratio

VRTC's Quick Ratio for the trailling 12 Months

VRTC Quick Ratio

(Dec 31 2023)
II. Quarter
(Sep 30 2023)
I. Quarter
(Jun 30 2023)
IV. Quarter
(Mar 31 2023)
III. Quarter
(Dec 31 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 13.46 % 11.98 % 13.98 % 8.45 % 7.92 %
Y / Y Cash & cash equivalent TTM Growth -67.76 % -65.13 % -7.58 % -32.28 % 2.23 %
Quick Ratio TTM 0.01 0.01 0.02 0.02 0.02
Total Ranking TTM # 2068 # 2991 # 4081 # 4097 # 843
Seq. Current Liabilities TTM Growth 3.26 % 3.52 % 2.27 % 3.8 % 1.91 %
Seq. Cash & cash equivalent TTM Growth 11.32 % -13.11 % -52.34 % -30.05 % 20.39 %


On the trailing twelve months basis In Spite of the rise in Current Liabilities in the II Quarter 2023 to $8.97 millions, cumulative Quick Ratio remained unchanged at 0.01 below the Veritec Inc average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Internet Services & Social Media industry 42 other companies have achieved higher Quick Ratio than Veritec Inc . While Quick Ratio overall ranking has improved so far to 2068, from total ranking during the twelve months ending first quarter 2023 at 2991.

Explain Quick Ratio?
How much Cash & cash equivalents VRTC´s has?
What are VRTC´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Internet Services & Social Media Industry # 43
Technology Sector # 384
Within the Market # 2068


trailing twelve months Quick Ratio Statistics
High Average Low
0.03 0.02 0.01
(Sep 30 2021)   (Dec 31 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Internet Services & Social Media Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Veritec Inc   0.01 $ 0.059  Millions$ 8.967  Millions
Phi Group Inc   0.01 $ 0.029  Millions$ 5.067  Millions

Date modified: 2024-02-20T15:52:47+00:00



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