Velan Balance Sheet Health
Financial Health criteria checks 5/6
Velan has a total shareholder equity of $186.1M and total debt of $31.4M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are $462.4M and $276.3M respectively. Velan's EBIT is $14.2M making its interest coverage ratio 3.2. It has cash and short-term investments of $39.2M.
Key information
16.9%
Debt to equity ratio
US$31.42m
Debt
| Interest coverage ratio | 3.2x |
| Cash | US$39.24m |
| Equity | US$186.07m |
| Total liabilities | US$276.31m |
| Total assets | US$462.38m |
Recent financial health updates
Recent updates
The Return Trends At Velan (TSE:VLN) Look Promising
Dec 07
Velan (TSE:VLN) Is Looking To Continue Growing Its Returns On Capital
Apr 29Here's Why Velan Inc.'s (TSE:VLN) CEO Compensation Is The Least Of Shareholders Concerns
Jul 07Velan's (TSE:VLN) Shareholders May Want To Dig Deeper Than Statutory Profit
May 27Is Velan (TSE:VLN) Using Too Much Debt?
Feb 26Would Shareholders Who Purchased Velan's (TSE:VLN) Stock Three Years Be Happy With The Share price Today?
Jan 22How Much Does Velan's (TSE:VLN) CEO Make?
Dec 18
Financial Position Analysis
Short Term Liabilities: VLN's short term assets ($371.2M) exceed its short term liabilities ($137.9M).
Long Term Liabilities: VLN's short term assets ($371.2M) exceed its long term liabilities ($138.5M).
Debt to Equity History and Analysis
Debt Level: VLN has more cash than its total debt.
Reducing Debt: VLN's debt to equity ratio has increased from 14.1% to 16.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VLN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: VLN has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 5.7% each year