In the wake of the increase in Current Liabilities in the first quarter 2024, Quick Ratio fell to 0.06 above Veritec Inc average.

Within Internet Services & Social Media industry 71 other companies have achieved higher Quick Ratio than Veritec Inc in first quarter 2024. While Quick Ratio total ranking in the first quarter 2024 has deteriorated compared to the prior quarter from 3354 to 4008.

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VRTC Quick Ratio	(Sep 30 2024) Q1	(Jun 30 2024) Q4	(Mar 31 2024) Q3	(Dec 31 2023) Q2	(Sep 30 2023) Q1
Y / Y Current Liabilities Change	-88.53 %	-89.05 %	13.76 %	13.46 %	11.98 %
Y / Y Cash & cash equivalent Change	20.75 %	93.44 %	19.53 %	-67.76 %	-65.13 %
Quick Ratio MRQ	0.06	0.13	0.02	0.01	0.01
VRTC's Total Ranking	# 4008	# 3354	# 3240	# 2802	# 4585
Seq. Current Liabilities Change	8.38 %	-90.15 %	4.07 %	3.26 %	3.52 %
Seq. Cash & cash equivalent Change	-45.76 %	-22.88 %	159.32 %	11.32 %	-13.11 %

Quick Ratio first quarter 2024 Company Ranking
Within:	No.
Internet Services & Social Media Industry	# 72
Technology Sector	# 650
Overall Market	# 4008

Quick Ratio Statistics
High	Average	Low
0.13	0.02	0
(Jun 30 2024)		(Sep 30 2014)

Financial Statements
Veritec Inc 's Current Liabilities	$ 1 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	(Sep 30 2024) 12 Months	(Jun 30 2024) 12 Months	(Mar 31 2024) 12 Months	(Dec 31 2023) 12 Months	(Sep 30 2023) 12 Months
Y / Y Current Liabilities TTM Growth	-39.08 %	-13.48 %	13.3 %	11.97 %	10.59 %
Y / Y Cash & cash equivalent TTM Growth	-7.29 %	-26.91 %	-38.37 %	-48.98 %	-27.47 %
Quick Ratio TTM	0.02	0.01	0.01	0.01	0.01
Total Ranking TTM	# 3658	# 3658	# 2434	# 2926	# 2991
Seq. Current Liabilities TTM Growth	-27.55 %	-21.12 %	3.3 %	3.21 %	2.88 %
Seq. Cash & cash equivalent TTM Growth	2.87 %	17.48 %	8.31 %	-29.18 %	-18.89 %

Quick ratio ranking by company, industry and sector >> Back to VRTC Financial Strength Comparisons >> Go to Compare VRTC Quick Ratio to its Competitors

On the trailing twelve months basis VRTC Cash & cash equivalent grew by 20.75 % in Q1 2024 year on year, while Current Liabilities rose to $1 millions, this led to increase in in Veritec Inc 's Quick Ratio to 0.02, Quick Ratio remained below VRTC average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Internet Services & Social Media industry 53 other companies have achieved higher Quick Ratio than Veritec Inc . While overall ranking is unchanged compared to the previous 12 months at no. 3658.

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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	# 54
Technology Sector	# 621
Within the Market	# 3658

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 Sep 30 2024, within Internet Services & Social Media Industry	Quick Ratio	Sep 30 2024 MRQ Cash & cash equivalent	Sep 30 2024 MRQ Current Liabilities
Rezolve Ai Plc	0.16	$ 9.451 Millions	$ 57.785 Millions
Premier Inc	0.13	$ 86.956 Millions	$ 648.548 Millions
Qutoutiao Inc	0.08	$ 9.275 Millions	$ 115.722 Millions
Veritec Inc	0.06	$ 0.064 Millions	$ 0.996 Millions
J And Friends Holdings Limited	0.05	$ 3.692 Millions	$ 67.576 Millions
Professional Diversity Network Inc	0.04	$ 0.134 Millions	$ 3.443 Millions
BIOREGENX, INC.	0.04	$ 0.070 Millions	$ 1.961 Millions

Date modified: 2026-09-18T13:11:05+00:00

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