0 results available. Select is focused ,type to refine list, press Down to open the menu,
Veritec, Inc., together with its subsidiaries, engages in the development, sale, and licensing of products and providing services related to its mobile banking solutions in the United States. The comp...
We've identified the following companies as similar to Veritec, Inc. because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
Data is returned as a standard number. Suggested format is a multiple (e.g 7.0x).
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Quick Ratio in the risk category include:
A ratio used to assess a company's short-term liquidity.
Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for Veritec is calculated as follows:
(Cash & ST Investments [ 64 T ]
(+) Accounts Receivable [ 6 T ]
(/) Current Liabilities [ 9.795 M ]
(=) Quick Ratio [ 0.0x ]
The tables below summarizes the trend in Veritec’s quick ratio over the last five years:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2020-06-30 | 228 T | 10 T | 5.938 M | 0.0x |
| 2021-06-30 | 238 T | 8 T | 6.908 M | 0.0x |
| 2022-06-30 | 66 T | 7 T | 7.36 M | 0.0x |
| 2023-06-30 | 61 T | 7 T | 8.389 M | 0.0x |
| 2024-06-30 | 118 T | 8 T | 9.462 M | 0.0x |
The tables below summarizes the trend in Veritec’s quick ratio over the last four quarters:
| Fiscal Year | Cash & ST Investments | Accounts Receivable | Current Liabilities | Quick Ratio |
|---|---|---|---|---|
| 2023-12-31 | 59 T | 46 T | 8.967 M | 0.0x |
| 2024-03-31 | 153 T | 10 T | 9.332 M | 0.0x |
| 2024-06-30 | 118 T | 8 T | 9.462 M | 0.0x |
| 2024-09-30 | 64 T | 6 T | 9.795 M | 0.0x |
Read more on Wikipedia: Quick Ratio
The chart above depicts the distribution of quick ratio for companies operating in the Information Technology sector in the Developed economic region. Over 2,520 companies were considered in this analysis, and 2,423 had meaningful values. The average quick ratio of companies in the sector is 1.9x with a standard deviation of 2.0x.
Veritec, Inc.'s Quick Ratio of 0.0x ranks in the 0.1% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 2,522 |
| Included Constituents | 2,423 |
| Min | 0.0x |
| Max | 13.3x |
| Median | 1.3x |
| Mean | 1.9x |
| Standard Deviation | 2.0x |
You can find companies with similar quick ratio using this stock screener.