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Vertex Energy (VTNR)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Vertex Energy Balance Sheet 2023-2009 | VTNR
Brief overview of Vertex Energy's assets and capital
This overview follows the five latest available annual observations between 2019 and 2023.
Assets rose from $120.8 million to $854.6 million, a gain of +607.7%, while CAGR was about 63.1%. The balance sheet expanded rapidly.
Liabilities grew faster than assets: +841.2% versus +607.7%. A substantial part of expansion was externally funded.
Equity funds just 23% of assets versus 18.5% previously. The balance sheet is sensitive to weaker results.
Net debt is $114 million, or 0.58x of equity. This is a conservative debt position.
Cash equals 9% of the balance sheet, compared with 3.4% five periods ago. This is the readily available cushion.
The balance sheet includes a negative accumulated result of -$187.4 million. It should be assessed alongside historical profits and capital distributions.
Overall assessment
The balance sheet gives no single signal for Vertex Energy: some indicators are sound, while leverage or capitalization needs attention.
Annual Balance Sheet Vertex Energy
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
114 M | 32.5 M | 33.7 M | -4.47 M | 14.2 M | 14.5 M | 14 M | 9.8 M | 22.6 M | 36.3 M | 5.84 M | 7.22 M | -675 K | - | - |
Long Term Debt |
171 M | 170 M | 64.1 M | 5.64 M | 12.4 M | 14.4 M | 13.5 M | 1.85 M | 5.54 M | 2.19 M | 6.56 M | 6.28 M | - | - | - |
Long Term Debt Current |
20.3 M | 3.71 M | 5.72 M | 784 K | 5.89 M | 1.33 M | 1.62 M | 9.65 M | 17.8 M | 40.1 M | 1.96 M | 1.75 M | - | - | - |
Total Non Current Liabilities |
- | - | - | - | 49.1 M | 16.2 M | 16 M | 6.21 M | 7.09 M | 12.1 M | 10.2 M | 18.1 M | 76 K | - | - |
Total Current Liabilities |
329 M | 243 M | 25.8 M | 26.2 M | 24.8 M | 17 M | 16.9 M | 22.5 M | 33.7 M | 62.8 M | 16.1 M | 10.6 M | 7.32 M | 5 M | - |
Total Liabilities |
654 M | 524 M | 193 M | 60.8 M | 69.5 M | 33.2 M | 33 M | 28.7 M | 40.8 M | 75.2 M | 26.2 M | 28.7 M | 7.4 M | 5.6 M | - |
Deferred Revenue |
325 K | - | - | - | - | - | - | - | 324 K | 463 K | - | - | - | - | - |
Retained Earnings |
-187 M | -116 M | -111 M | -90 M | -59.2 M | -47.8 M | -39.8 M | -28 M | -12.1 M | 12 M | 17.5 M | 9.66 M | 6 M | 251 K | - |
Total Assets |
855 M | 689 M | 266 M | 122 M | 121 M | 84.2 M | 84.3 M | 87 M | 93.6 M | 134 M | 64.5 M | 49.1 M | 16.7 M | 8.14 M | - |
Cash and Cash Equivalents |
77 M | 141 M | 36.1 M | 10.9 M | 4.1 M | 1.25 M | 1.11 M | 1.7 M | 765 K | 6.02 M | 2.68 M | 808 K | 675 K | 744 K | 514 K |
Book Value |
200 M | 165 M | 73.5 M | 61.3 M | 51.2 M | 51 M | 51.3 M | 58.3 M | 52.9 M | 58.6 M | 38.3 M | 20.4 M | 9.34 M | 2.54 M | - |
Total Shareholders Equity |
196 M | 164 M | 28.1 M | 4.61 M | 22.3 M | 27.4 M | 28 M | 38.6 M | 40.9 M | 58.6 M | 38.3 M | 20.4 M | 9.34 M | 2.54 M | 1.13 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Vertex Energy
| 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
14.5 M | 178 M | 125 M | 124 M | 161 M | - | 168 M | 135 M | 105 K | 114 K | 124 K | 134 K | 2.43 M | 5.64 M | 8.3 M | 7.44 M | 5.21 M | 12.4 M | 12.7 M | 14 M | 12.4 M | 14.4 M | 14.5 M | 14.5 M | 14.7 M | 13.5 M | 12.8 M | 13 M | 10.9 M | 1.85 M | 2.65 M | 3.56 M | 4.49 M | 5.54 M | 21.6 M | 22.6 M | 1.74 M | 2.19 M | 2.04 M | 40.2 M | 6.21 M | 6.56 M | 4.96 M | 5.39 M | 5.83 M | 6.28 M | 6.86 M | 6.28 M | 6.28 M | - | - | - | - |
Total Liabilities |
643 M | 652 M | 630 M | 614 M | 585 M | - | 527 M | 593 M | 129 M | 193 M | 67.6 M | 79.6 M | 59.2 M | 60.8 M | 61.1 M | 59.2 M | 50.7 M | 69.5 M | 71.1 M | 71.2 M | 74.8 M | 33.2 M | 38.4 M | 35 M | 35.6 M | 33 M | 30.9 M | 28.5 M | 25.1 M | 28.7 M | 25.7 M | 26.8 M | 26.7 M | 40.8 M | 51.2 M | 62.1 M | 75.7 M | 75.2 M | 70.2 M | 75.5 M | 27.9 M | 26.2 M | 25.8 M | 28.9 M | 27.8 M | 28.7 M | 30.4 M | 8.08 M | 10.4 M | 7.4 M | 10.6 M | 7.05 M | 7.4 M |
Deferred Revenue |
60 K | 5.28 M | 620 K | - | 330 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.3 K | 232 K | 1.05 M | 324 K | 324 K | 525 K | 2.91 M | 463 K | 463 K | 463 K | 463 K | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-259 M | -205 M | -124 M | -143 M | -62 M | - | -160 M | -183 M | -116 M | -111 M | -101 M | -109 M | -89.4 M | -90 M | -84.3 M | -80 M | -68.7 M | -59.2 M | -59.8 M | -55.1 M | -53.7 M | -47.8 M | -45.5 M | -41.8 M | -43.3 M | -39.8 M | -38.6 M | -34.7 M | -32 M | -28 M | -21.9 M | -20.6 M | -14.3 M | -12.1 M | -8.33 M | -5.42 M | -4.97 M | 12 M | 23.5 M | 25.4 M | 18.4 M | 17.5 M | 15 M | 12.6 M | 10.7 M | 9.66 M | 9.53 M | 7.42 M | 7.58 M | 6 M | 3.89 M | 2.86 M | 6 M |
Total Assets |
772 M | 835 M | 893 M | 855 M | 806 M | - | 648 M | 691 M | 280 M | 266 M | 145 M | 135 M | 127 M | 122 M | 125 M | 125 M | 126 M | 121 M | 121 M | 116 M | 121 M | 84.2 M | 89.1 M | 87 M | 84.7 M | 84.3 M | 82.3 M | 82.6 M | 80.5 M | 87 M | 86.2 M | 87.4 M | 82.5 M | 93.6 M | 107 M | 120 M | 117 M | 134 M | 133 M | 140 M | 66.4 M | 64.5 M | 51.6 M | 52.4 M | 49.3 M | 49.1 M | 50.6 M | 19 M | 21.4 M | 16.7 M | 17.8 M | 12.9 M | 16.7 M |
Cash and Cash Equivalents |
18.8 M | 62.1 M | 75.7 M | 48.5 M | 86.7 M | - | 117 M | 97.9 M | 24.1 M | 36.1 M | 12.1 M | 15 M | 12.4 M | 11 M | 15.6 M | 17.8 M | 16.3 M | 4.1 M | 2.3 M | 498 K | 1.68 M | 1.25 M | 1.84 M | 1.72 M | 52.9 K | 1.11 M | 1.12 M | 458 K | 6.6 K | 1.7 M | 3.75 M | 3.97 M | 1.78 M | 765 K | 4.02 M | 5.72 M | 3.68 M | 6.02 M | 1.23 M | 19.7 M | 5.02 M | 2.68 M | 531 K | 297 K | 1.32 M | 808 K | 1.15 M | 4.18 M | 4.3 M | 675 K | 1.32 M | 2.53 M | 675 K |
Book Value |
130 M | 183 M | 263 M | 241 M | 221 M | - | 120 M | 97.7 M | 152 M | 73.5 M | 77.1 M | 55.5 M | 67.4 M | 61.3 M | 64.1 M | 66.1 M | 74.8 M | 51.2 M | 49.7 M | 45.3 M | 46.1 M | 51 M | 50.7 M | 52 M | 49.1 M | 51.3 M | 51.4 M | 54.1 M | 55.4 M | 58.3 M | 60.5 M | 60.6 M | 55.9 M | 52.9 M | 55.8 M | 58.1 M | 41.7 M | 58.6 M | 62.7 M | 64.4 M | 38.4 M | 38.3 M | 25.9 M | 23.5 M | 21.5 M | 20.4 M | 20.2 M | 10.9 M | 11 M | 9.34 M | 7.17 M | 5.81 M | 9.34 M |
Total Shareholders Equity |
126 M | 179 M | 259 M | 238 M | 218 M | - | 119 M | 95.9 M | 102 M | 28.1 M | 35.5 M | 16.4 M | 17.5 M | 5.92 M | 10.1 M | 14.3 M | 25.4 M | 22.3 M | 20 M | 20.5 M | 21.7 M | 27.4 M | 27.5 M | 27.4 M | 25.5 M | 28 M | 29.1 M | 32.9 M | 34.9 M | 38.6 M | 38.4 M | 39.3 M | 43.1 M | 40.9 M | 44.6 M | 47.3 M | 41.7 M | 58.6 M | 62.7 M | 64.6 M | 38.3 M | 38.3 M | 25.9 M | 23.5 M | 21.5 M | 20.4 M | 20.2 M | 10.9 M | 11 M | 9.34 M | 7.17 M | 5.81 M | 9.34 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Vertex Energy, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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