Can VSE Corporation cover its short-term obligations?

Its current ratio is 8.78 — current assets exceed current liabilities.

Where does VSE Corporation's balance sheet data come from?

Every line is extracted from VSE Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

VSE Corporation VSEC Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$69.36M+139%	$29.03M+266%	$7.93M+1,559%	$478K-7.7%
Accounts receivable, net	$190.73M+20.6%	$158.1M+23.6%	$127.96M+41.2%	$90.6M+18.3%
Prepaid expenses and other current assets	$37.94M+22.8%	$30.9M-15.1%	$36.39M+139%	$15.2M-52.9%
Finished goods	$553.83M+27.6%	$434.06M-13.3%	$500.86M+31.7%	$380.44M+17.9%
Total current assets	$893.33M-7.5%	$965.35M+24.7%	$774.03M+41.0%	$548.88M+18.3%
Property and equipment, net	$91.1M+28.2%	$71.04M+22.3%	$58.08M+43.4%	$40.5M-4.7%
Accumulated depreciation	$34.2M+60.6%	$21.3M-43.0%	$37.4M+21.8%	$30.7M-53.5%
Operating lease right-of-use assets	$50.15M+16.0%	$43.23M+50.7%	$28.68M+33.1%	$21.56M-21.1%
Goodwill	$641.24M+49.7%	$428.26M+48.4%	$288.59M+32.8%	$217.26M0.0%
Intangible assets, net	$295.96M+50.1%	$197.16M+72.7%	$114.13M+31.9%	$86.56M-20.0%
Other non-current assets	$27.04M—	$0-100%	$23.64M-18.5%	$29.02M+4.6%
Total assets	$2.03B+16.4%	$1.74B+29.1%	$1.35B+35.1%	$999.79M+8.8%
Accounts payable	$154.51M+6.2%	$145.49M-15.9%	$173.04M+34.7%	$128.5M+11.7%
Accrued expenses	$73.16M+38.7%	$52.75M+45.0%	$36.38M+14.1%	$31.89M-35.5%
Current portion of long-term debt	$7.5M-75.0%	$30M+33.3%	$22.5M+125%	$10M-29.4%
Contract liabilities	$6.89M+53.9%	$4.48M+60.8%	$2.79M+189%	$963K—
Dividends payable	$2.34M+13.6%	$2.06M+30.6%	$1.58M+22.9%	$1.28M+0.7%
Total current liabilities	$237.51M-20.4%	$298.5M+4.0%	$286.89M+27.7%	$224.6M+24.8%
Long-term debt	$285.3M-28.7%	$400.17M-1.6%	$406.84M+47.2%	$276.3M+2.2%
Operating lease liabilities, non-current	$43.69M+10.6%	$39.5M+58.3%	$24.96M+30.3%	$19.15M-29.5%
Other non-current liabilities	$4.96M-45.0%	$9.01M—	$0—	$0-100%
Total liabilities	$589.77M-21.8%	$754.44M+2.8%	$733.61M+33.3%	$550.26M+9.8%
Common stock	44M+4,172%	1M+30.7%	788K+22.9%	641K+0.8%
Additional paid-in capital	$1.04B+76.0%	$591.6M+158%	$229.1M+147%	$92.62M+4.6%
Retained earnings	$395.64M+0.8%	$392.48M+2.0%	$384.7M+9.5%	$351.3M+7.0%
Accumulated other comprehensive income (loss)	$512K-83.3%	$3.07M+44.1%	$2.13M-57.1%	$4.97M+2,923%
Total stockholders' equity	$1.44B+45.6%	$988.19M+60.2%	$616.73M+37.2%	$449.53M+7.7%
Total liabilities and stockholders' equity	$2.03B+16.4%	$1.74B+29.1%	$1.35B+35.1%	$999.79M+8.8%
Allowance for Doubtful Accounts	$7.2M+75.6%	$4.1M+20.6%	$3.4M+70.0%	$2M+17.6%
Allowance for Doubtful Accounts Receivable (Current)	$7.2M+75.6%	$4.1M+20.6%	$3.4M+70.0%	$2M+17.6%
Deferred Tax Assets and Other Non-Current Assets	$29.76M-20.9%	$37.6M+59.1%	$23.64M-18.5%	$29.02M+4.6%
Equipment Installment Plan Receivables (Non-Current), Net	$27.04M—	$0—	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)	——	——	——	——
Finite Lived Intangible Assets - Gross	——	$279.85M+12.0%	$249.76M+20.2%	$207.81M—
Net Investment in Lease	$50.15M+16.0%	$43.23M+50.7%	$28.68M+33.1%	$21.56M-21.1%
Intangible assets — net	——	$197.16M+72.7%	$114.13M+31.9%	$86.56M—
Other intangible assets—net	$295.96M+50.1%	$197.16M+72.7%	$114.13M+31.9%	$86.56M-20.0%
Long-term financing receivables (net of allowances of $27 in 2026 and $34 in 2025)	$27.04M—	$0—	——	——
Operating lease right-of-use assets	$50.15M+16.0%	$43.23M+50.7%	$28.68M+33.1%	$21.56M-21.1%
Other non-current assets	$29.76M-20.9%	$37.6M+59.1%	$23.64M-18.5%	$29.02M+4.6%
Operating Lease Right-of-Use Assets in Other Assets	$50.15M+16.0%	$43.23M+50.7%	$28.68M+33.1%	$21.56M-21.1%
Software and Technology Licenses, Net	$29.76M-20.9%	$37.6M+59.1%	$23.64M-18.5%	$29.02M+4.6%
Other Commercial Liabilities	$73.16M—	——	——	——
Commercial Paper Outstanding	$600K-25.0%	$800K—	——	——
Accrued Liabilities, Current	$73.16M—	——	——	——
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$3.45M+48.1%	$2.33M-36.4%	$3.66M+58.3%	$2.31M+6.7%
Deferred Compensation Liability (Non-Current)	$5.92M-18.5%	$7.26M-8.5%	$7.94M+7.3%	$7.4M-48.4%
Total debt	$342.8M-29.3%	$485.21M+5.6%	$459.26M+40.9%	$325.89M+2.6%
Total Carrying Value of Debt	$296.25M-31.5%	$432.5M-0.1%	$433M+50.0%	$288.61M+0.7%
Common Stock Par Value Per Share	$0.050.0%	$0.050.0%	$0.050.0%	$0.050.0%
Common Stock Shares Issued	23.4M+13.6%	20.6M+30.7%	15.8M+22.9%	12.8M+0.7%
Additional paid-in capital	$1.04B+76.0%	$591.6M+158%	$229.1M+147%	$92.62M+4.6%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$1.17M+13.6%	$1.03M+30.7%	$788K+22.9%	$641K+0.8%
Allowance for doubtful accounts	$7.2M+75.6%	$4.1M+20.6%	$3.4M+70.0%	$2M+17.6%
Common stock, par value (in dollars per share)	$0.050.0%	$0.050.0%	$0.050.0%	$0.050.0%
Common stock, shares authorized (in shares)	$44M0.0%	$44M+91.3%	$23M0.0%	$23M0.0%
Common stock, shares issued (in shares)	$23.4M+13.6%	$20.59M+30.7%	$15.76M+22.9%	$12.82M+0.7%
Common Stock, Shares, Outstanding	$23.4M+13.6%	$20.59M+30.7%	$15.76M+22.9%	$12.82M+0.7%
Contract with Customer, Asset, after Allowance for Credit Loss	$41.47M+38.4%	$29.96M+272%	$8.05M+8.6%	$7.41M—
Contract with Customer, Liability	$6.89M+53.9%	$4.48M+60.8%	$2.79M+189%	$963K—
Long-term debt, gross	$296.25M-31.5%	$432.5M-0.1%	$433M+50.0%	$288.61M+0.7%
Deferred Compensation Liability, Classified, Noncurrent	$5.92M-18.5%	$7.26M-8.5%	$7.94M+7.3%	$7.4M-48.4%
Deferred income taxes	$12.39M—	$0-100%	$6.99M+46.8%	$4.76M-47.7%
Sale of business segment, earn-out payment	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	$100.2M+21.2%	$82.69M-39.0%	$135.63M+11.9%	$121.25M-10.2%
2028	——	——	——	——
2030	——	——	——	——
2031	——	——	——	——
Remainder of 2026	——	——	——	——
2027	——	——	——	——
2029	——	——	——	——
Finite Lived Intangible Assets Amortization Expense After Year Five	——	——	——	——
Gross Carrying Amount	——	$279.85M+12.0%	$249.76M+20.2%	$207.81M—
Letters of Credit Outstanding, Amount	$600K-25.0%	$800K—	——	——
Remainder of Fiscal Year 2024	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——

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Questions, answered.

Can VSE Corporation cover its short-term obligations?: Its current ratio is 8.78 — current assets exceed current liabilities.
Where does VSE Corporation's balance sheet data come from?: Every line is extracted from VSE Corporation's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.