Velocity Energy (Velocity Energy) Total Liabilities : $14.15 Mil (As of Jun. 2009)

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What is Velocity Energy Total Liabilities?

Velocity Energy's Total Liabilities for the quarter that ended in Jun. 2009 was $14.15 Mil.

Velocity Energy's quarterly Total Liabilities increased from Dec. 2008 ($12.73 Mil) to Mar. 2009 ($13.53 Mil) and increased from Mar. 2009 ($13.53 Mil) to Jun. 2009 ($14.15 Mil).

Velocity Energy's annual Total Liabilities increased from Dec. 2006 ($0.19 Mil) to Dec. 2007 ($12.59 Mil) and increased from Dec. 2007 ($12.59 Mil) to Dec. 2008 ($12.73 Mil).

Velocity Energy Total Liabilities Historical Data

The historical data trend for Velocity Energy's Total Liabilities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Velocity Energy Total Liabilities Chart

Velocity Energy Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Total Liabilities

0.35

0.19

12.59

12.73

Velocity Energy Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09
Total Liabilities	Get a 7-Day Free Trial										3.87	4.20	12.73	13.53	14.15

Velocity Energy Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Velocity Energy's Total Liabilities for the fiscal year that ended in Dec. 2008 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	3.501	+	(9.099	+	0.129
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	12.73

Total Liabilities	=	Total Assets (A: Dec. 2008 )	-	Total Equity (A: Dec. 2008 )
	=	12.466	-	-0.263
	=	12.73

Velocity Energy's Total Liabilities for the quarter that ended in Jun. 2009 is calculated as

Total Liabilities	=	Total Current Liabilities	+	Total Noncurrent Liabilities
	=	Total Current Liabilities	+	(Long-Term Debt & Capital Lease Obligation	+	Other Long-Term Liabilities
	=	14.017	+	(0	+	0.131
	+	NonCurrent Deferred Liabilities	+	PensionAndRetirementBenefit)
	+	0	+	0)
	=	14.15

Total Liabilities	=	Total Assets (Q: Jun. 2009 )	-	Total Equity (Q: Jun. 2009 )
	=	8.272	-	-5.875
	=	14.15

Velocity Energy Total Liabilities Related Terms

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Velocity Energy (Velocity Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Velocity Energy Inc. (OTCPK:VCYE) » Definitions » Total Liabilities

Comparable Companies

Traded in Other Exchanges

N/A

Address

523 North Sam Houston Parkway East, Suite 175, Houston, TX, USA, 77060

Website

http://www.velocity-energy.com

Velocity Energy Inc is an oil and gas exploration and production company. It is engaged in the acquisition, development, exploration and production of natural gas and oil.

Executives

Michael J Pawelek	director, officer: President and CEO	300 EAST SONTERRA BLVD. STE 1220 SAN ANTONIO TX 78258
Peter Benz	10 percent owner	171 MADISON AVE., 17 FL.,, NEW YORK NY 10016
Longview Fund Lp	10 percent owner	VIKING ASSET MANAGEMENT LLC, 66 BOVET ROAD, SUITE 320, SAN MATEO, CA 94402
Howard J Taylor	director, 10 percent owner, officer: CEO	STE. 194 48 PAR LA VILLE RD HAMILTON D0 HM11

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