VRTC (Veritec) Accounts Payable: $0.33 Mil (As of Sep. 2024)

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What is Veritec Accounts Payable?

Veritec VRTC Accounts Payable is $0.33 Mil as of Sep. 2024.

Veritec's Accounts Payable for the quarter that ended in Sep. 2024 was $0.33 Mil.

Veritec's quarterly Accounts Payable declined from Mar. 2024 ($0.31 Mil) to Jun. 2024 ($0.27 Mil) but then increased from Jun. 2024 ($0.27 Mil) to Sep. 2024 ($0.33 Mil).

Veritec's annual Accounts Payable increased from Jun. 2022 ($0.27 Mil) to Jun. 2023 ($0.29 Mil) but then declined from Jun. 2023 ($0.29 Mil) to Jun. 2024 ($0.27 Mil).

Veritec Accounts Payable Historical Data

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The historical data trend for Veritec's Accounts Payable 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.

Veritec Accounts Payable Chart

Veritec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.69 0.69 0.27 0.29 0.27

Veritec Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.30 0.30 0.31 0.27 0.33

Veritec Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $0.33 Mil mean?
Veritec (VRTC) has a Accounts Payable of $0.33 Mil as of Sep. 2024. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Veritec and its competitors.
Is Veritec's Accounts Payable too high?
Veritec's current Accounts Payable is $0.33 Mil.
How does Veritec's Accounts Payable compare to WDDD and RBTC?
Veritec's Accounts Payable of $0.33 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Software company?
A good Accounts Payable depends on the Software industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Veritec and its competitors. Veritec's current Accounts Payable is $0.33 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veritec stock overvalued right now?
Veritec (VRTC) has a current Accounts Payable of $0.33 Mil. The current Accounts Payable is $0.33 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Veritec (VRTC), the current Accounts Payable is $0.33 Mil as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Veritec Business Description

Address 2445 Winnetka Avenue North, Golden Valley, MN, USA, 55427
Veritec Inc is engaged in the development, marketing, sales, and licensing of products and rendering of professional services. The company renders professional services related to mobile banking technology. Its mobile banking technology is used to offer Prepaid Card Programs to sponsor banks and approved applicants/cardholders. The products and services offered by the company include MTC Debit Card Visa Prepaid Card Programs, blinx ON-OFF Debit Card Visa Prepaid Card Programs, Custom Branded Debit Card Programs, and blinxPay Mobile Wallet App. Geographically, it derives revenue from the United States.