Victory Oilfield Financials
This page shows Victory Oilfield (vyey) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Victory Oilfield passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Victory Oilfield generates $0.37 in operating cash flow (-$199K OCF vs -$539K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Victory Oilfield earns $-29.0 in operating income for every $1 of interest expense (-$804K vs $28K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Victory Oilfield generated $0 in revenue in fiscal year 2023.
Victory Oilfield's EBITDA was -$931K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 123.9% from the prior year.
Victory Oilfield reported -$539K in net income in fiscal year 2023. This represents a decrease of 67.6% from the prior year.
Victory Oilfield earned $-0.02 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 100.0% from the prior year.
Victory Oilfield held $241K in cash against $0 in long-term debt as of fiscal year 2023.
Victory Oilfield had 419M shares outstanding in fiscal year 2023. This represents an increase of 1393.8% from the prior year.
vyey Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $158K |
| Cost of Revenue | $241K-16.9% | $290K+10.3% | $263K+147.4% | -$554K-503.0% | $138K-43.0% | $241K+37.3% | $176K+125.0% | -$701K |
| Gross Profit | -$241K+16.9% | -$290K-10.3% | -$263K-147.4% | $554K+503.0% | -$138K+43.0% | -$241K-37.3% | -$176K-120.4% | $859K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $43K-77.0% | $185K-3.8% | $192K+167.1% | -$287K-160.2% | $476K+51.1% | $315K+5.3% | $299K+172.8% | -$411K |
| Operating Income | -$1.2M+12.0% | -$1.3M+71.1% | -$4.5M-648.3% | -$607K-391.1% | -$124K-178.0% | -$44K-49.1% | -$30K+66.8% | -$90K |
| Interest Expense | $2K+5.3% | $2K-62.0% | $4K-80.7% | $21K+964.8% | $2K+21.4% | $2K-56.9% | $4K+152.1% | -$7K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.2M-5.0% | -$1.1M+71.1% | -$3.8M-1036.8% | -$336K-167.9% | -$125K-172.7% | -$46K-48.0% | -$31K+70.1% | -$104K |
| EPS (Diluted) | $0.00 | $0.00+100.0% | $-0.01+50.0% | $-0.02 | $0.00 | $0.00 | $0.00 | $0.00 |
vyey Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37K-74.9% | $147K+92.1% | $77K-69.0% | $247K-70.9% | $850K+23.7% | $687K+3.2% | $666K-3.9% | $693K |
| Current Assets | $34K-76.2% | $143K+100.7% | $71K-70.4% | $241K-56.3% | $551K+48.6% | $371K+21.2% | $306K+5.7% | $290K |
| Cash & Equivalents | $19K-83.5% | $116K+227.9% | $35K-85.3% | $241K+636.8% | $33K-55.1% | $73K+179.2% | $26K+156.3% | $10K |
| Inventory | $56K-13.4% | $65K+43.8% | $45K | N/A | $17K-4.7% | $18K-54.2% | $40K+24.1% | $32K |
| Accounts Receivable | $375K-16.4% | $449K+9.3% | $410K | $0-100.0% | $223K-9.6% | $246K+26.2% | $195K+19.6% | $163K |
| Goodwill | $145K0.0% | $145K0.0% | $145K | N/A | $145K0.0% | $145K0.0% | $145K0.0% | $145K |
| Total Liabilities | $1.6M+85.7% | $836K-1.9% | $852K-44.2% | $1.5M+41.7% | $1.1M+36.5% | $790K+9.3% | $723K+0.5% | $719K |
| Current Liabilities | $3.3M+6.7% | $3.1M+8.2% | $2.9M-48.3% | $5.6M+20.3% | $4.6M+6.7% | $4.3M+2.4% | $4.2M+2.4% | $4.1M |
| Long-Term Debt | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $0 |
| Total Equity | -$1.5M-120.0% | -$689K+11.2% | -$776K+39.4% | -$1.3M-461.8% | -$228K-122.4% | -$103K-81.4% | -$57K-122.3% | -$25K |
| Retained Earnings | -$7.8M-17.5% | -$6.6M-20.0% | -$5.5M-224.8% | -$1.7M+98.3% | -$99.6M-0.3% | -$99.3M0.0% | -$99.4M-0.1% | -$99.2M |
vyey Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$577K+36.6% | -$910K-1819.1% | -$47K-286.8% | $25K+115.5% | -$164K-411.3% | -$32K-12.1% | -$29K+20.6% | -$36K |
| Capital Expenditures | $90K-55.3% | $201K-64.9% | $573K | N/A | $0 | $0 | $0 | N/A |
| Free Cash Flow | -$667K+40.0% | -$1.1M-79.2% | -$620K | N/A | -$164K-411.3% | -$32K-12.1% | -$29K | N/A |
| Investing Cash Flow | -$90K+55.3% | -$201K+64.9% | -$573K+41.7% | -$983K | $0 | $0 | $0-100.0% | $71K |
| Financing Cash Flow | $570K-52.2% | $1.2M+187.3% | $415K-14.1% | $483K+84.6% | $262K+1209.2% | $20K+33.3% | $15K+76.0% | $9K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
vyey Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 544.6% |
| Operating Margin | -43.6%-16.2pp | -27.4%-2.6pp | -24.7% | N/A | -886.5%-148.7pp | -737.9%-28.8pp | -709.1%-332.5pp | -376.6% |
| Net Margin | -50.7%-11.3pp | -39.4%-17.5pp | -22.0% | N/A | -1037.3%-209.2pp | -828.1%-45.8pp | -782.3%-356.9pp | -425.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3139.4%-2387.9pp | -751.5%+4235.3pp | -4986.7%-4850.7pp | -136.0%-121.2pp | -14.8%-8.1pp | -6.7%-2.0pp | -4.7%+10.4pp | -15.0% |
| Current Ratio | 0.240.0 | 0.25+0.0 | 0.24+0.2 | 0.04-0.1 | 0.12+0.0 | 0.09+0.0 | 0.070.0 | 0.07 |
| Debt-to-Equity | -1.02+0.2 | -1.21-0.1 | -1.10-1.1 | 0.00+4.7 | -4.73+3.0 | -7.70+5.1 | -12.79-12.8 | 0.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$1.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Victory Oilfield's annual revenue?
Victory Oilfield (vyey) reported $0 in total revenue for fiscal year 2023. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Victory Oilfield profitable?
No, Victory Oilfield (vyey) reported a net income of -$539K in fiscal year 2023.
What is Victory Oilfield's earnings per share (EPS)?
Victory Oilfield (vyey) reported diluted earnings per share of $-0.02 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Victory Oilfield's EBITDA?
Victory Oilfield (vyey) had EBITDA of -$931K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Victory Oilfield have?
As of fiscal year 2023, Victory Oilfield (vyey) had $241K in cash and equivalents against $0 in long-term debt.
What is Victory Oilfield's operating cash flow?
Victory Oilfield (vyey) generated -$199K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Victory Oilfield's total assets?
Victory Oilfield (vyey) had $247K in total assets as of fiscal year 2023, including both current and long-term assets.
How many shares does Victory Oilfield have outstanding?
Victory Oilfield (vyey) had 419M shares outstanding as of fiscal year 2023.
What is Victory Oilfield's current ratio?
Victory Oilfield (vyey) had a current ratio of 0.04 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Victory Oilfield's debt-to-equity ratio?
Victory Oilfield (vyey) had a debt-to-equity ratio of 0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Victory Oilfield's return on assets (ROA)?
Victory Oilfield (vyey) had a return on assets of -217.9% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Victory Oilfield's cash runway?
Based on fiscal year 2023 data, Victory Oilfield (vyey) had $241K in cash against an annual operating cash burn of $199K. This gives an estimated cash runway of approximately 14 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Victory Oilfield's debt-to-equity ratio negative or unusual?
Victory Oilfield (vyey) has negative shareholder equity of -$1.3M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Victory Oilfield's Piotroski F-Score?
Victory Oilfield (vyey) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Victory Oilfield's earnings high quality?
Victory Oilfield (vyey) has an earnings quality ratio of 0.37x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Victory Oilfield cover its interest payments?
Victory Oilfield (vyey) has an interest coverage ratio of -29.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.