VRTC (Veritec) Ending Cash Position: $0.06 Mil (As of Sep. 2024)

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What is Veritec Ending Cash Position?

Veritec VRTC Ending Cash Position is $0.06 Mil as of Sep. 2024.

Veritec's Ending Cash Position for the quarter that ended in Sep. 2024 was $0.06 Mil.

Veritec's quarterly Ending Cash Position declined from Mar. 2024 ($0.15 Mil) to Jun. 2024 ($0.12 Mil) and declined from Jun. 2024 ($0.12 Mil) to Sep. 2024 ($0.06 Mil).

Veritec's annual Ending Cash Position declined from Jun. 2022 ($0.07 Mil) to Jun. 2023 ($0.06 Mil) but then increased from Jun. 2023 ($0.06 Mil) to Jun. 2024 ($0.12 Mil).

Veritec Ending Cash Position Related Terms

Veritec Ending Cash Position Historical Data

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The historical data trend for Veritec's Ending Cash Position 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 Ending Cash Position Chart

Veritec Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Ending Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.23 0.24 0.07 0.06 0.12

Veritec Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Ending Cash Position 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 0.05 0.06 0.15 0.12 0.06

Veritec Ending Cash Position Calculation

Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. It is equal to the Beginning Cash Position plus the Net Change in Cash.

Veritec's Ending Cash Position for the fiscal year that ended in Jun. 2024 is calculated as

Ending Cash Position= Beginning Cash Position+Net Change in Cash
=0.061+0.057
=0.12

Veritec's Ending Cash Position for the quarter that ended in Sep. 2024 is calculated as

Ending Cash Position=Beginning Cash Position+Net Change in Cash
=0.118+-0.054
=0.06

Frequently Asked Questions Learn more about Ending Cash Position →
What does a Ending Cash Position of $0.06 Mil mean?
Veritec (VRTC) has a Ending Cash Position of $0.06 Mil as of Sep. 2024. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on Veritec and its competitors.
Is Veritec's Ending Cash Position too high?
Veritec's current Ending Cash Position is $0.06 Mil.
How does Veritec's Ending Cash Position compare to WDDD and RBTC?
Veritec's Ending Cash Position of $0.06 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 Ending Cash Position for a Software company?
A good Ending Cash Position depends on the Software industry context. However, Ending Cash Position 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 Ending Cash Position mean?
A high Ending Cash Position can signal that a stock is expensive relative to its fundamentals. Ending Cash Position is the cash and cash equivalents balance at the end of the accounting period, as indicated on the Cash Flow statement. View historical data on Veritec and its competitors. Veritec's current Ending Cash Position is $0.06 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 Ending Cash Position of $0.06 Mil. The current Ending Cash Position is $0.06 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Ending Cash Position calculated?
Ending Cash Position is calculated from a company's financial statements. For Veritec (VRTC), the current Ending Cash Position is $0.06 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.