Velan Balance Sheet Health

Financial Health criteria checks 6/6

Velan has a total shareholder equity of $183.3M and total debt of $28.8M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are $479.4M and $296.1M respectively. Velan's EBIT is $8.3M making its interest coverage ratio 1.3. It has cash and short-term investments of $52.1M.

Key information

15.7%

Debt to equity ratio

US$28.78m

Debt

Interest coverage ratio1.3x
CashUS$52.14m
EquityUS$183.26m
Total liabilitiesUS$296.13m
Total assetsUS$479.39m

Recent financial health updates

Recent updates

The Return Trends At Velan (TSE:VLN) Look Promising

Dec 07
The Return Trends At Velan (TSE:VLN) Look Promising

Velan (TSE:VLN) Is Looking To Continue Growing Its Returns On Capital

Apr 29
Velan (TSE:VLN) Is Looking To Continue Growing Its Returns On Capital

Here's Why Velan Inc.'s (TSE:VLN) CEO Compensation Is The Least Of Shareholders Concerns

Jul 07
Here's Why Velan Inc.'s (TSE:VLN) CEO Compensation Is The Least Of Shareholders Concerns

Velan's (TSE:VLN) Shareholders May Want To Dig Deeper Than Statutory Profit

May 27
Velan's (TSE:VLN) Shareholders May Want To Dig Deeper Than Statutory Profit

Is Velan (TSE:VLN) Using Too Much Debt?

Feb 26
Is Velan (TSE:VLN) Using Too Much Debt?

Would Shareholders Who Purchased Velan's (TSE:VLN) Stock Three Years Be Happy With The Share price Today?

Jan 22
Would Shareholders Who Purchased Velan's (TSE:VLN) Stock Three Years Be Happy With The Share price Today?

How Much Does Velan's (TSE:VLN) CEO Make?

Dec 18
How Much Does Velan's (TSE:VLN) CEO Make?

Financial Position Analysis

Short Term Liabilities: VLN's short term assets ($387.0M) exceed its short term liabilities ($160.4M).

Long Term Liabilities: VLN's short term assets ($387.0M) exceed its long term liabilities ($135.7M).


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 reduced from 17.4% to 15.7% 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 9.1% each year


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