Velocity Financial
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 Financial's balance sheet done over the years? Its assets were worth $4,404,573,000 last year, which is more than in the previous period. 90% of Velocity Financialβs total assets is currently financed by debt. Its liabilities reached the amount of $3,967,700,000, which means an increase by 18% compared compared to last year.
Debt to Assets
| 2014 | 448530000 | 369.25M | 82.32% |
|---|---|---|---|
| 2015 | 912649000 | 826.21M | 90.53% |
| 2017 | 1371845000 | 1.24B | 90.45% |
| 2018 | 1737985000 | 1.59B | 91.96% |
| 2019 | 2214766000 | 2.06B | 93.1% |
| 2020 | 2102874000 | 1.88B | 89.56% |
| 2021 | 2812478000 | 2.46B | 87.75% |
| 2022 | 3748975000 | 3.36B | 89.85% |
| 2023 | 4404573000 | 3.96B | 90.08% |
VEL Balance Sheet (2014 β 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | 40.56M | 45.24M | 36.13M | 13.27M | 22.55M | 15.95M | 15.92M | 12.28M | 5.63M |
Short term investments | 0 | 3.27B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 35.79M | 87.18M | 89.30M | 86.50M | 67.73M | 52.98M | 34.27M | 18.89M | 7.10M |
Inventory | 0 | 13.32M | 17.55M | 15.76M | 13.06M | 0 | -1.37B | 0 | 0 |
Other current assets | 0 | -170.80M | -154.94M | -122.65M | -108.35M | 0 | 0 | -31.17M | -12.74M |
Total current assets | 76.35M | 3.35B | 125.43M | 99.77M | 90.28M | 68.93M | 50.19M | 0 | 0 |
Non-current assets: | |||||||||
Property, Plant and Equipment | 5.32M | 3.35M | 7.57M | 4.14M | 10.68M | 5.53M | 5.76M | 1.47M | 690K |
Goodwill | 6.77M | 6.77M | 6.77M | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible assets | 8.57M | 9.23M | 7.15M | 4.59M | 5.26M | 0 | 4.94M | 0 | 0 |
Long term investments | 0 | 0 | 4.89M | 238K | -5.26M | 0 | -1.37B | 0 | 0 |
Other non-current assets | -8.78M | -9.23M | -21.50M | -11.48M | -8.28M | -5.53M | -5.76M | 879.24M | -690K |
Total non-current assets | 11.89M | 15.16M | 21.50M | 4.14M | 10.68M | 5.53M | 5.76M | 0 | 0 |
Total assets | 4.40B | 3.74B | 2.81B | 2.10B | 2.21B | 1.73B | 1.37B | 912.64M | 448.53M |
Liabilities | |||||||||
| Current liabilities: | |||||||||
Accounts payable | |||||||||
Deferred revenue | 214.07M | 0 | 208.87M | 12.56M | 0 | 0 | 0 | 0 | 0 |
Short term debt | 334.75M | 330.81M | 301.06M | 75.92M | 421.54M | 215.93M | 0 | 0 | 0 |
Total current liabilities | 0 | 91.52M | 301.06M | 75.92M | 421.54M | 215.93M | 85.30M | 0 | 0 |
| Non-current liabilities: | |||||||||
Long term debt | 3.50B | 2.94B | 2.07B | 1.65B | 1.58B | 1.32B | 1.19B | 817.65M | 365.54M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | -3.50B | 330.81M | -2.07B | -1.65B | -1.58B | 0 | -1.19B | 8.56M | -365.54M |
Total non-current liabilities | 3.96B | 3.27B | 2.07B | 1.65B | 1.58B | 1.32B | 1.10B | 826.21M | 0 |
Total liabilities | 3.96B | 3.36B | 2.46B | 1.88B | 2.06B | 1.59B | 1.24B | 826.21M | 369.25M |
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