Velan Balance Sheet Health
Financial Health criteria checks 6/6
Velan has a total shareholder equity of $182.4M and total debt of $25.8M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are $498.0M and $315.6M respectively. Velan's EBIT is $17.9M making its interest coverage ratio 2.7. It has cash and short-term investments of $58.3M.
Key information
14.1%
Debt to equity ratio
US$25.78m
Debt
| Interest coverage ratio | 2.7x |
| Cash | US$58.31m |
| Equity | US$182.43m |
| Total liabilities | US$315.57m |
| Total assets | US$498.00m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VLNS.F's short term assets ($405.9M) exceed its short term liabilities ($159.4M).
Long Term Liabilities: VLNS.F's short term assets ($405.9M) exceed its long term liabilities ($156.2M).
Debt to Equity History and Analysis
Debt Level: VLNS.F has more cash than its total debt.
Reducing Debt: VLNS.F's debt to equity ratio has reduced from 21.8% to 14.1% 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: Whilst unprofitable VLNS.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VLNS.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 16.6% per year.