The company achieved a significant deleveraging milestone by eliminating its $129.3 million debt load in 2025Q4 to reach a debt-free position in 2026Q1, though liquidity remains tight with a current ratio of 0.56.
| Total Current Assets | 48.73M | 52.17M | 50.91M | 58.35M | 54.35M | 36.12M | 29.13M |
| Cash & Short-Term Investments | 3.18M | 1.33M | 2.97M | 552K | 10.01M | 5.36M | 1.73M |
| Cash Only | 3.18M | 1.33M | 2.97M | 552K | 10.01M | 5.36M | 1.73M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 30.62M | 39.79M | 44.91M | 41.39M | 30.63M | 16M |
| Days Sales Outstanding | 37.26 | 40.79 | 60.01 | 70.09 | 53.6 | 60.37 | 60.06 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 45.55M | 20.22M | 8.16M | 12.88M | 2.95M | 138K | 9.22M |
| Total Non-Current Assets | 833.86M | 841.18M | 759.98M | 707.62M | 606.13M | 575.4M | 598M |
| Property, Plant & Equipment | 107K | 123K | 752.16M | 704.53M | 602.89M | 574.46M | 594.19M |
| Fixed Asset Turnover | 1.26x | 2227.55x | 0.32x | 0.33x | 0.47x | 0.32x | 0.16x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 3.58M | 184K | 284K | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 833.75M | 840.88M | 7.54M | 3.09M | 3.24M | 943K | 3.81M |
| Total Assets | 882.59M | 893.35M | 810.89M | 765.97M | 660.48M | 611.53M | 627.13M |
| Asset Turnover | 0.30x | 0.31x | 0.30x | 0.31x | 0.43x | 0.30x | 0.16x |
| Asset Growth % | 40.81% | 10.17% | 5.86% | 15.97% | 8.01% | -2.49% | - |
| Total Current Liabilities | 87M | 51.25M | 100.33M | 60.4M | 36.68M | 40.33M | 22.37M |
| Accounts Payable | 15.78M | 11.8M | 34.32M | 27.69M | 7.21M | 7.94M | 9.3M |
| Days Payables Outstanding | 37.36 | 19.38 | 73.94 | 70.74 | 22.11 | 49.59 | 31.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 2.17M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 71.22M | 39.45M | 56.85M | 3.85M | 7.34M | 21.4M | 2.02M |
| Current Ratio | 0.56x | 1.02x | 0.51x | 0.97x | 1.48x | 0.90x | 1.30x |
| Quick Ratio | 0.56x | 1.02x | 0.51x | 0.97x | 1.48x | 0.90x | 1.30x |
| Cash Conversion Cycle | -0.09 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 225.14M | 212.78M | 210.23M | 159.16M | 54.82M | 85.33M | 112.28M |
| Long-Term Debt | 0 | 124.5M | 117M | 81M | 48M | 68M | 98.5M |
| Capital Lease Obligations | 4.8M | 4.8M | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 287.74M | 67.49M | 72M | 64.33M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 167.12M | 15.99M | 21.23M | 13.83M | 6.82M | 17.33M | 13.78M |
| Total Liabilities | 312.14M | 264.03M | 310.56M | 219.56M | 91.5M | 125.66M | 134.66M |
| Total Debt | 0 | 129.3M | 121.22M | 84.26M | 50.74M | 68M | 100.83M |
| Net Debt | -3.18M | 127.97M | 118.26M | 83.71M | 40.73M | 62.64M | 99.1M |
| Debt / Equity | 0.00x | 0.21x | 0.24x | 0.15x | 0.09x | 0.14x | 0.20x |
| Debt / EBITDA | 0.00x | 0.88x | 0.86x | 0.72x | 0.23x | 0.59x | 4.12x |
| Net Debt / EBITDA | -0.02x | 0.87x | 0.84x | 0.72x | 0.19x | 0.55x | 4.05x |
| Interest Coverage | 3.69x | 4.44x | 3.88x | 9.00x | 29.63x | 6.65x | -0.89x |
| Total Equity | 570.45M | 629.32M | 500.33M | 546.41M | 568.98M | 485.86M | 492.47M |
| Equity Growth % | 65.75% | 25.78% | -8.43% | -3.97% | 17.11% | -1.34% | - |
| Book Value per Share | 14.23 | 15.91 | 15.20 | 18.49 | 20.18 | 1.11 | 17.46 |
| Total Shareholders' Equity | 570.45M | 629.32M | 500.33M | 546.41M | 568.98M | 485.86M | 492.47M |
| Common Stock | 407K | 406K | 326K | 328K | 0 | 480.07M | 489.81M |
| Retained Earnings | -44.33M | -2.05M | -5.13M | -21.58M | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operator-driven capital allocation volatility
As reported in recent financial statements, VTS has maintained a relatively stable total asset base near $882.6 million in 2026Q1, though the shift from $129.3 million in debt during 2025Q4 to a debt-free position in 2026Q1 suggests a significant, albeit abrupt, deleveraging event for the company.
The rapid elimination of debt indicates a strategic pivot toward balance sheet conservatism, likely intended to insulate the firm from commodity price cycles. However, the concurrent decline in equity suggests that this deleveraging may have been funded through asset divestitures or capital adjustments rather than organic cash flow generation.
Based on the company's reported figures, VTS successfully reduced its total debt from $129.3 million in 2025Q4 to zero by 2026Q1, a move that significantly improves its leverage profile compared to the 0.21 debt-to-equity ratio observed at the end of the previous fiscal year.
This transition to a debt-free status appears to be a defensive measure, potentially providing the company with greater optionality to navigate the inherent unpredictability of non-operated working interests. Investors should monitor whether this lack of leverage persists or if it serves as a temporary bridge to future acquisition-led growth.
According to quarterly filings, VTS maintains a current ratio of 0.56 as of 2026Q1, which represents a notable contraction from the 1.02 level seen in 2025Q4, suggesting that the company's immediate liquidity buffer remains thin relative to its short-term operational obligations and ongoing capital requirements.
The low current ratio implies that the company may face challenges in meeting near-term liabilities if revenue receipts from operators are delayed. This liquidity profile appears to leave little room for error, making the firm highly dependent on the timely collection of production-related cash flows.
As indicated by the company's balance sheet data, retained earnings have deteriorated to a negative $44.3 million in 2026Q1, reflecting the cumulative impact of recent operational losses and the potential pressure of maintaining dividend distributions despite inconsistent cash flow generation from its non-operated asset base.
The erosion of retained earnings suggests that the company's capital base is being pressured by its commitment to shareholder returns during periods of operational underperformance. This trend warrants further investigation into whether the current dividend policy is sustainable without compromising the long-term integrity of the equity base.
Quick answers to the most common questions about buying VTS stock.
As of 2025, Vitesse Energy, Inc. (VTS) had total assets of $893.4M including $52.2M in current assets.
Vitesse Energy, Inc. (VTS) carries total debt of $129.3M, offset by $1.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Vitesse Energy, Inc. (VTS) has total shareholders' equity (book value) of $629.3M ($15.91 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Vitesse Energy, Inc. (VTS) reported a current ratio of 1.02x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.