Vitesse Energy (VTS) Financials

The income statement of Vitesse Energy Inc. (VTS) provides a snapshot of the company's financial performance over a specified period. It shows the revenue generated from various sources, such as oil and gas sales, and deducts the cost of goods sold to arrive at the gross profit. Other operating expenses, including salaries, lease expenses, and administrative costs, are then subtracted to determine the operating income or EBIT (earnings before interest and taxes). EBITDA (earnings before interest, taxes, depreciation, and amortization) is a measure that adds back non-cash expenses, such as depreciation and amortization, to EBIT.

The balance sheet of Vitesse Energy Inc. (VTS) provides a snapshot of the company's financial position at a specific point in time. It shows the company's total assets, which include cash equivalents, investments, property, and equipment. Total liabilities represent the company's obligations, such as loans, accounts payable, and accrued expenses. Stockholders' equity reflects the ownership interest in the company, which is the residual value of assets after deducting liabilities. Net debt is calculated by subtracting cash and cash equivalents from the total debt, providing an indication of the company's overall debt burden.