VYEY (Victory Oilfield Tech) Total Liabilities: $1.55 Mil (As of Sep. 2024)


What is Victory Oilfield Tech Total Liabilities?

Victory Oilfield Tech VYEY Total Liabilities is $1.55 Mil as of Sep. 2024.

Victory Oilfield Tech's Total Liabilities for the quarter that ended in Sep. 2024 was $1.55 Mil.

Victory Oilfield Tech's quarterly Total Liabilities declined from Mar. 2024 ($0.85 Mil) to Jun. 2024 ($0.84 Mil) but then increased from Jun. 2024 ($0.84 Mil) to Sep. 2024 ($1.55 Mil).

Victory Oilfield Tech's annual Total Liabilities increased from Dec. 2021 ($4.15 Mil) to Dec. 2022 ($4.40 Mil) and increased from Dec. 2022 ($4.40 Mil) to Dec. 2023 ($5.73 Mil).

Victory Oilfield Tech Total Liabilities Historical Data

* Premium members only.

The historical data trend for Victory Oilfield Tech'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.

Victory Oilfield Tech Total Liabilities Chart

Victory Oilfield Tech Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.76 4.19 4.15 4.40 5.73

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 Liabilities 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 4.79 5.73 0.85 0.84 1.55

Victory Oilfield Tech 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.

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=5.566+(0+0.159
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=5.73

Total Liabilities=Total Assets (A: Dec. 2023 )-Total Equity (A: Dec. 2023 )
=1.638--4.087
=5.73

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

Total Liabilities=Total Current Liabilities+Total Noncurrent Liabilities
=Total Current Liabilities+(Long-Term Debt & Capital Lease Obligation+Other Long-Term Liabilities
=1.553+(0+0
+NonCurrent Deferred Liabilities+PensionAndRetirementBenefit+NonCurrent Deferred Income Tax)
+0+0+0)
=1.55

Total Liabilities=Total Assets (Q: Sep. 2024 )-Total Equity (Q: Sep. 2024 )
=0.037--1.516
=1.55

* 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 Liabilities →
What does a Total Liabilities of $1.55 Mil mean?
Victory Oilfield Tech (VYEY) has a Total Liabilities of $1.55 Mil as of Sep. 2024. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Victory Oilfield Tech and its competitors.
Is Victory Oilfield Tech's Total Liabilities too high?
Victory Oilfield Tech's current Total Liabilities is $1.55 Mil.
How does Victory Oilfield Tech's Total Liabilities compare to LEEN and SPOWF?
Victory Oilfield Tech's Total Liabilities of $1.55 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 Liabilities for an Oil & Gas company?
A good Total Liabilities depends on the Oil & Gas industry context. However, Total Liabilities 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 Liabilities mean?
A high Total Liabilities can signal that a stock is expensive relative to its fundamentals. The total amount of liabilities as recorded on a company's balance sheet. View historical data for Victory Oilfield Tech and its competitors. Victory Oilfield Tech's current Total Liabilities is $1.55 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 Liabilities of $1.55 Mil. The current Total Liabilities is $1.55 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Liabilities calculated?
Total Liabilities is calculated from a company's financial statements. For Victory Oilfield Tech (VYEY), the current Total Liabilities is $1.55 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.