VYEY (Victory Oilfield Tech) Liabilities-to-Assets : 41.97 (As of Sep. 2024)

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What is Victory Oilfield Tech Liabilities-to-Assets?

Victory Oilfield Tech VYEY Liabilities-to-Assets is 41.97 as of Sep. 2024.

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Victory Oilfield Tech's Total Liabilities for the quarter that ended in Sep. 2024 was $1.55 Mil. Victory Oilfield Tech's Total Assets for the quarter that ended in Sep. 2024 was $0.04 Mil. Therefore, Victory Oilfield Tech's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 was 41.97.

Victory Oilfield Tech  (OTCPK:VYEY) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

Victory Oilfield Tech Liabilities-to-Assets Related Terms

Victory Oilfield Tech Liabilities-to-Assets Historical Data

* Premium members only.

The historical data trend for Victory Oilfield Tech's Liabilities-to-Assets 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.

Victory Oilfield Tech Liabilities-to-Assets Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.46 3.92 5.43 6.35 3.50

Victory Oilfield Tech Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Liabilities-to-Assets 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 5.63 3.50 11.07 5.69 41.97

VYEY vs LEEN, SPOWF, GRVE: Liabilities-to-Assets Comparison

For the Oil & Gas Equipment & Services subindustry, Victory Oilfield Tech's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Victory Oilfield Tech Liabilities-to-Assets vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Victory Oilfield Tech's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Victory Oilfield Tech's Liabilities-to-Assets falls into.


Victory Oilfield Tech Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Victory Oilfield Tech's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=5.725/1.638
=3.50

Victory Oilfield Tech's Liabilities-to-Assets Ratio for the quarter that ended in Sep. 2024 is calculated as

Liabilities-to-Assets (Q: Sep. 2024 )=Total Liabilities/Total Assets
=1.553/0.037
=41.97

* 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.

Frequently Asked Questions Learn more about Liabilities-to-Assets →
What does a Liabilities-to-Assets of 41.97 mean?
Victory Oilfield Tech (VYEY) has a Liabilities-to-Assets of 41.97 as of Sep. 2024. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Victory Oilfield Tech and its competitors.
Is Victory Oilfield Tech's Liabilities-to-Assets too high?
Victory Oilfield Tech's current Liabilities-to-Assets is 41.97.
How does Victory Oilfield Tech's Liabilities-to-Assets compare to LEEN and SPOWF?
Victory Oilfield Tech's Liabilities-to-Assets of 41.97 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Oil & Gas company?
A good Liabilities-to-Assets depends on the Oil & Gas industry context. However, Liabilities-to-Assets 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 Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Victory Oilfield Tech and its competitors. Victory Oilfield Tech's current Liabilities-to-Assets is 41.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Oilfield Tech stock overvalued right now?
Victory Oilfield Tech (VYEY) has a current Liabilities-to-Assets of 41.97. The current Liabilities-to-Assets is 41.97. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Victory Oilfield Tech (VYEY), the current Liabilities-to-Assets is 41.97 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.

Victory Oilfield Tech Business Description

Industry EnergyOil & Gas
Address 3355 Bee Caves Road, Suite 608, Austin, TX, USA, 78746
Victory Oilfield Tech Inc is an oilfield energy-tech products company focused on improving well performance and extending the lifespan of the industry's most sophisticated and expensive equipment. The company's products include solutions for drill-pipe, production tubing, and radio frequency identification (RFID) enclosures. The company's only reportable segment is Hardband Services. Hardband Services provides various hardbanding solutions to oilfield operators for drill pipe, weight pipe, tubing, and drill collars.