VYEY (Victory Oilfield Tech) Total Equity: $-1.52 Mil (As of Sep. 2024)


What is Victory Oilfield Tech Total Equity?

Victory Oilfield Tech VYEY Total Equity is $-1.52 Mil as of Sep. 2024.

Victory Oilfield Tech's total equity for the quarter that ended in Sep. 2024 was $-1.52 Mil.

This is Residual interest, including minority interest, that remains in the assets of the enterprise after deducting its liabilities. Equity is increased by owners’ investments and by comprehensive income, and it is reduced by distributions to the owners.

Victory Oilfield Tech Total Equity Historical Data

* Premium members only.

The historical data trend for Victory Oilfield Tech's Total Equity 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 Total Equity Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.23 -3.12 -3.38 -3.70 -4.09

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
Total Equity 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 -3.94 -4.09 -0.78 -0.69 -1.52

Victory Oilfield Tech Total Equity Calculation

Total Equity and Total Liabilities are the two components for Total Assets.

Victory Oilfield Tech's Total Equity for the fiscal year that ended in Dec. 2023 is calculated as

Total Equity=Total Assets(Q: Dec. 2023 )-Total Liabilities(Q: Dec. 2023 )
=1.638-5.725
=-4.09

Victory Oilfield Tech's Total Equity for the quarter that ended in Sep. 2024 is calculated as

Total Equity=Total Assets(Q: Sep. 2024 )-Total Liabilities(Q: Sep. 2024 )
=0.037-1.553
=-1.52

* 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 Total Equity →
What does a Total Equity of $-1.52 Mil mean?
Victory Oilfield Tech (VYEY) has a Total Equity of $-1.52 Mil as of Sep. 2024. The total amount of equity as record on a company's balance sheet. View historical data for Victory Oilfield Tech and its competitors.
Is Victory Oilfield Tech's Total Equity too high?
Victory Oilfield Tech's current Total Equity is $-1.52 Mil.
How does Victory Oilfield Tech's Total Equity compare to LEEN and SPOWF?
Victory Oilfield Tech's Total Equity of $-1.52 Mil 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 Total Equity for an Oil & Gas company?
A good Total Equity depends on the Oil & Gas industry context. However, Total Equity 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 Total Equity mean?
A high Total Equity can signal that a stock is expensive relative to its fundamentals. The total amount of equity as record on a company's balance sheet. View historical data for Victory Oilfield Tech and its competitors. Victory Oilfield Tech's current Total Equity is $-1.52 Mil. 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 Total Equity of $-1.52 Mil. The current Total Equity is $-1.52 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Equity calculated?
Total Equity is calculated from a company's financial statements. For Victory Oilfield Tech (VYEY), the current Total Equity is $-1.52 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.

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.