Velocity Composites
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Velocity Composites's balance sheet done over the years? Its assets were worth $14,702,000 last year, which is more than in the previous period. 55% of Velocity Composites’s total assets is currently financed by debt. Its liabilities reached the amount of $8,134,000, which means an increase by 27% compared compared to last year.
Debt to Assets
| 2014 | 4561000 | 4.33M | 94.96% |
|---|---|---|---|
| 2015 | 4535000 | 3.61M | 79.8% |
| 2016 | 6128000 | 5.52M | 90.16% |
| 2017 | 16228000 | 6.14M | 37.85% |
| 2018 | 14752000 | 5.49M | 37.22% |
| 2019 | 12204000 | 3.51M | 28.79% |
| 2020 | 10657000 | 4.97M | 46.68% |
| 2021 | 9686000 | 5.11M | 52.85% |
| 2022 | 9813000 | 6.41M | 65.35% |
| 2023 | 14702000 | 8.13M | 55.33% |
VEL.L Balance Sheet (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 3.17M | 2.34M | 3.47M | 3.26M | 3.42M | 4.72M | 5.41M | 39K | 161K | 1.38M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 3.28M | 2.23M | 2.24M | 2.46M | 4.22M | 5.95M | 0 | 2.75M | 0 | 0 |
Inventory | 2.74M | 1.40M | 877K | 1.90M | 3.17M | 2.74M | 3.26M | 2.34M | 1.40M | 1.12M |
Other current assets | 3.66M | 2.52M | 260K | 0 | 0 | -113K | 0 | 214K | 306K | 210K |
Total current assets | 9.58M | 6.27M | 6.85M | 7.64M | 10.82M | 13.31M | 14.82M | 5.35M | 3.6M | 3.66M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 4.22M | 3.36M | 2.73M | 2.85M | 1.06M | 1.08M | 1.08M | 773K | 935K | 892K |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 890K | 173K | 91K | 167K | 318K | 362K | 317K | 0 | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current assets | 5.11M | 3.54M | 2.83M | 3.01M | 1.37M | 1.44M | 1.4M | 773K | 935K | 892K |
Total assets | 14.70M | 9.81M | 9.68M | 10.65M | 12.20M | 14.75M | 16.22M | 6.12M | 4.53M | 4.56M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | -1.08M | -991K | 509K | 1.09M | 2.86M | 1.24M | 907K |
Short term debt | 990K | 1.08M | 823K | 911K | 121K | 732K | 1.28M | 92K | 114K | 292K |
Total current liabilities | 5.57M | 3.11M | 1.88M | 2.41M | 3.34M | 5.32M | 5.82M | 5.32M | 3.27M | 3.95M |
| Non-current liabilities: | ||||||||||
Long term debt | 2.55M | 3.29M | 3.23M | 2.56M | 169K | 171K | 211K | 106K | 198K | 228K |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total non-current liabilities | 2.55M | 3.29M | 3.23M | 2.56M | 169K | 171K | 317K | 203K | 347K | 379K |
Total liabilities | 8.13M | 6.41M | 5.11M | 4.97M | 3.51M | 5.49M | 6.14M | 5.52M | 3.61M | 4.33M |
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