VSE Balance Sheet
NASDAQ: VSECConsumer DiscretionaryMilitary/Government/TechnicalUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
VSE financial position
At the end of fiscal 2025, VSE reported total assets of $2.03 billion, up 16.4% from a year earlier against total liabilities of $589.8 million. Shareholders' equity stood at $1.44 billion, or 70.9% of assets. The company held $69.4 million in cash and equivalents against $292.8 million of debt, a net debt position of $223.4 million.
The current ratio (current assets divided by current liabilities) was 3.76, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.20.
Summary generated from market data by MetaCap's automated system. Methodology
VSE balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 69.36M | 29.50M | 7.77M | 305.00K | 518.00K | 378.00K | 734.00K | 162.00K | 624.00K | 428.00K |
| Receivables | 190.73M | 158.10M | 127.96M | 90.60M | 76.59M | 55.47M | 70.63M | 60.00M | 55.76M | 101.22M |
| Total Current Assets | 893.33M | 965.35M | 774.03M | 548.88M | 463.99M | 354.96M | 355.34M | 281.22M | 248.54M | 258.46M |
| Property, Plant & Equipment | 91.10M | 71.04M | 58.08M | 40.50M | 42.49M | 36.36M | 43.47M | 49.61M | 55.15M | 62.06M |
| Goodwill | 641.24M | 428.26M | 288.59M | 217.26M | 217.26M | 238.13M | 276.45M | 198.62M | 198.62M | 198.62M |
| Intangible Assets | 295.96M | 197.16M | 114.13M | 86.56M | 108.26M | 103.59M | 132.18M | 94.89M | 110.91M | 126.93M |
| Total Assets | 2.03B | 1.74B | 1.35B | 999.79M | 918.56M | 780.08M | 845.86M | 638.83M | 629.01M | 661.84M |
| Accounts Payable | 154.51M | 145.49M | 173.04M | 128.50M | 115.06M | 72.68M | 68.10M | 57.41M | 66.02M | 94.00M |
| Short-Term Debt | 7.50M | 30.00M | 22.50M | 10.00M | 14.16M | 20.38M | 16.88M | 9.47M | 6.96M | 21.02M |
| Total Current Liabilities | 237.51M | 298.50M | 286.89M | 224.60M | 179.96M | 139.23M | 164.18M | 104.88M | 113.98M | 148.44M |
| Long-Term Debt | 285.30M | 400.17M | 406.84M | 276.30M | 270.41M | 230.71M | 253.13M | 151.13M | 165.61M | 193.62M |
| Total Liabilities | 589.77M | 754.44M | 733.61M | 550.26M | 501.23M | 423.76M | 482.76M | 310.43M | 335.92M | 406.64M |
| Shareholders' Equity | 1.44B | 988.19M | 616.73M | 449.53M | 417.33M | 356.32M | 363.10M | 328.39M | 293.10M | 255.19M |
| Retained Earnings | 395.64M | 392.48M | 384.70M | 351.30M | 328.36M | 325.10M | 334.25M | 301.07M | 267.90M | 231.73M |
| Total Debt | 292.80M | 430.17M | 429.34M | 286.30M | 284.57M | 251.09M | 270.01M | 160.60M | 172.57M | 214.64M |
| Net Cash (Debt) | -223.45M | -400.67M | -421.58M | -286.00M | -284.05M | -250.72M | -269.28M | -160.44M | -171.95M | -214.22M |
| Shares Outstanding | 23.40M | 20.59M | 15.76M | 12.82M | 12.73M | 11.06M | 10.97M | 10.89M | 10.84M | 10.80M |
This table shows 10 annual periods of VSE's balance sheet, from FY 2025 back to FY 2016, across 17 line items including cash & equivalents, receivables, total current assets. Values in USD; B = billions, M = millions. Fiscal periods follow VSEC's reporting calendar. What is a balance sheet?