Velocity Financial, Inc.

Velocity Financial, Inc.verified

VEL

Price:

$19.63

Market Cap:

$649.94M

Velocity Financial, Inc. operates as a real estate finance company in the United States. It primarily originates and manages investor loans secured by 1–4 unit residential rental and small commercial properties. The company offers its products through a network of independent mortgage brokers. Velocity Financial, Inc. was founded in 2004 and is headquartered in Westlake Village, California.[Read more]

Industry

Financial - Mortgages

IPO Date

2020-01-17

Stock Exchange

NYSE

Ticker

VEL

The Current Ratio as of September 2024 (TTM) for Velocity Financial, Inc. (VEL) is 0.20

According to Velocity Financial, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.20. This represents a change of 5.40% compared to the average of 0.19 of the last 4 quarters.

Velocity Financial, Inc. (VEL) Historical Current Ratio (quarterly & annually)

How has VEL Current Ratio performed in the past?

The mean historical Current Ratio of Velocity Financial, Inc. over the last ten years is 4.42. The current 0.20 Current Ratio has changed 351.09% with respect to the historical average. Over the past ten years (40 quarters), VEL's Current Ratio was at its highest in in the December 2022 quarter at 36.70. The Current Ratio was at its lowest in in the December 2017 quarter at 0.

Quarterly (TTM)
Annual

Average

4.42

Median

0.32

Minimum

0

Maximum

36.70

Velocity Financial, Inc. (VEL) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Velocity Financial, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 36.70

Minimum Annual Increase = -99.38%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.23-99.38%
202236.708.71%
20210.42-68.30%
20201.31513.61%
20190.21-32.91%
20180.32-45.74%
20170.592.20%
20160.03Infinity%

Velocity Financial, Inc. (VEL) Average Current Ratio

How has VEL Current Ratio performed in the past?

The current Current Ratio of Velocity Financial, Inc. (VEL) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

12.45

5-year avg

7.77

10-year avg

4.42

Velocity Financial, Inc. (VEL) Current Ratio vs. Peers

How is VEL’s Current Ratio compared to its peers?

Velocity Financial, Inc.’s Current Ratio is greater than Guild Holdings Company (0.06), less than Ocwen Financial Corporation (50.14), less than Mr. Cooper Group Inc. (0.50), less than Encore Capital Group, Inc. (1.59), less than CNFinance Holdings Limited (78.00), less than Home Point Capital Inc. (0.53), less than Security National Financial Corporation (3.29), less than PennyMac Financial Services, Inc. (1.56), less than UWM Holdings Corporation (1.24),

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