Velan Inc. (TSX: VLN)

Velan Balance Sheet

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Cash & Equivalents	44.48	36.45	50.51	54.02	74.69	75.33
Short-Term Investments	13.83	15.69	7.6	15.6	8.96	5.82
Cash & Short-Term Investments	58.31	52.14	58.11	69.62	83.64	81.15
Cash Growth	15.36%	-10.28%	-16.53%	-16.77%	3.08%	6.85%
Accounts Receivable	104.42	109.87	113.05	107.71	122.22	127.76
Other Receivables	17.47	16.17	14.2	11.08	16.96	10.94
Receivables	121.89	126.05	127.25	118.79	139.17	138.71
Inventory	225.33	208.7	202.65	223.2	204.16	170.27
Other Current Assets	0.43	0.13	0.11	0.55	0.2	0.56
Total Current Assets	405.95	387.01	388.11	412.16	427.17	390.67
Property, Plant & Equipment	69.59	69.92	68.21	73.91	96.33	98.18
Goodwill	-	8.46	8.28	8.79	9.5	8.6
Other Intangible Assets	15.85	8.08	7.87	7.91	7.82	8.55
Long-Term Deferred Tax Assets	5.86	5.19	4.66	4.77	39.07	26.7
Other Long-Term Assets	0.75	0.73	0.72	0.9	0.95	5.8
Total Assets	498	479.39	477.86	508.43	580.83	538.5
Accounts Payable	94.95	46.29	39.9	34.31	37.08	32.09
Accrued Expenses	-	40.95	38.64	44.53	47.93	37.79
Short-Term Debt	3.21	-	0.26	0.55	11.74	45.7
Current Portion of Long-Term Debt	3.23	24.43	8.18	8.11	9.9	8.31
Current Portion of Leases	1.61	1.61	1.3	1.36	1.58	1.62
Current Income Taxes Payable	1.09	1.57	2.83	3.81	1.61	1.49
Current Unearned Revenue	38.69	30.4	28.2	41.34	32	47.21
Other Current Liabilities	16.6	15.14	17.65	20.68	35.65	41.65
Total Current Liabilities	159.39	160.39	136.96	154.68	177.49	215.86
Long-Term Debt	19.33	4.35	21.72	22.93	48.19	10.99
Long-Term Leases	10.97	11.04	9.46	11.07	12.65	13.72
Long-Term Unearned Revenue	43.19	35.08	27.94	30.14	30.08	-
Long-Term Deferred Tax Liabilities	4.31	3.46	3.97	4.03	2.55	2.87
Other Long-Term Liabilities	78.39	81.82	76.98	20.08	9.66	10.2
Total Liabilities	315.57	296.13	277.02	242.92	280.61	253.64
Common Stock	72.7	72.7	72.7	72.7	72.7	72.7
Additional Paid-In Capital	6.26	6.26	6.26	6.26	6.26	6.26
Retained Earnings	140.93	141.91	162.14	218	239.14	236.27
Comprehensive Income & Other	-38.45	-38.69	-41.21	-32.13	-21.01	-34.05
Total Common Equity	181.44	182.18	199.89	264.82	297.08	281.18
Minority Interest	0.99	1.08	0.95	0.69	3.14	3.68
Shareholders' Equity	182.43	183.26	200.84	265.51	300.22	284.86
Total Liabilities & Equity	498	479.39	477.86	508.43	580.83	538.5
Total Debt	38.35	41.42	40.91	44.02	84.05	80.34
Net Cash (Debt)	19.96	10.72	17.2	25.6	-0.41	0.81
Net Cash Growth	915.73%	-37.68%	-32.82%	-	-	-96.34%
Net Cash Per Share	0.92	0.50	0.80	1.19	-0.02	0.04
Filing Date Shares Outstanding	21.59	21.59	21.59	21.59	21.59	21.59
Total Common Shares Outstanding	21.59	21.59	21.59	21.59	21.59	21.59
Working Capital	246.56	226.62	251.15	257.48	249.69	174.81
Book Value Per Share	8.41	8.44	9.26	12.27	13.76	13.03
Tangible Book Value	165.59	165.63	183.74	248.13	279.77	264.03
Tangible Book Value Per Share	7.67	7.67	8.51	11.50	12.96	12.23
Land	-	9.41	9.38	9.57	26.5	25.3
Buildings	-	54.29	53.25	54.34	56.18	56.52
Machinery	-	151.88	147.49	153.11	161.2	170.54
Leasehold Improvements	-	3.92	3.38	3.3	3.12	2.8
Order Backlog	-	491.53	464.34	501.22	562.49	406.8

Source: S&P Capital IQ. Standard template. Financial Sources.