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	Nov 30, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Cash & Equivalents	35.05	36.45	50.51	54.02	74.69	75.33
Short-Term Investments	4.22	15.69	7.6	15.6	8.96	5.82
Cash & Short-Term Investments	39.27	52.14	58.11	69.62	83.64	81.15
Cash Growth	0.08%	-10.28%	-16.53%	-16.77%	3.08%	6.85%
Accounts Receivable	57.2	109.87	113.05	107.71	122.22	127.76
Other Receivables	14.39	16.17	14.2	11.08	16.96	10.94
Receivables	71.59	126.05	127.25	118.79	139.17	138.71
Inventory	153.99	208.7	202.65	223.2	204.16	170.27
Other Current Assets	139.8	0.13	0.11	0.55	0.2	0.56
Total Current Assets	404.64	387.01	388.11	412.16	427.17	390.67
Property, Plant & Equipment	57.93	69.92	68.21	73.91	96.33	98.18
Goodwill	-	8.46	8.28	8.79	9.5	8.6
Other Intangible Assets	7.65	8.08	7.87	7.91	7.82	8.55
Long-Term Deferred Tax Assets	22.45	5.19	4.66	4.77	39.07	26.7
Other Long-Term Assets	17.71	0.73	0.72	0.9	0.95	5.8
Total Assets	510.39	479.39	477.86	508.43	580.83	538.5
Accounts Payable	77.64	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	2.99	-	0.26	0.55	11.74	45.7
Current Portion of Long-Term Debt	3.15	24.43	8.18	8.11	9.9	8.31
Current Portion of Leases	1.37	1.61	1.3	1.36	1.58	1.62
Current Income Taxes Payable	1.31	1.57	2.83	3.81	1.61	1.49
Current Unearned Revenue	24.6	30.4	28.2	41.34	32	47.21
Other Current Liabilities	190.62	15.14	17.65	20.68	35.65	41.65
Total Current Liabilities	301.69	160.39	136.96	154.68	177.49	215.86
Long-Term Debt	16.32	4.35	21.72	22.93	48.19	10.99
Long-Term Leases	4.56	11.04	9.46	11.07	12.65	13.72
Long-Term Unearned Revenue	3.9	35.08	27.94	30.14	30.08	-
Long-Term Deferred Tax Liabilities	0.95	3.46	3.97	4.03	2.55	2.87
Other Long-Term Liabilities	66.17	81.82	76.98	20.08	9.66	10.2
Total Liabilities	393.59	296.13	277.02	242.92	280.61	253.64
Common Stock	73.63	72.7	72.7	72.7	72.7	72.7
Additional Paid-In Capital	6.36	6.26	6.26	6.26	6.26	6.26
Retained Earnings	78.37	141.91	162.14	218	239.14	236.27
Comprehensive Income & Other	-41.56	-38.69	-41.21	-32.13	-21.01	-34.05
Total Common Equity	116.8	182.18	199.89	264.82	297.08	281.18
Minority Interest	-	1.08	0.95	0.69	3.14	3.68
Shareholders' Equity	116.8	183.26	200.84	265.51	300.22	284.86
Total Liabilities & Equity	510.39	479.39	477.86	508.43	580.83	538.5
Total Debt	28.39	41.42	40.91	44.02	84.05	80.34
Net Cash (Debt)	10.88	10.72	17.2	25.6	-0.41	0.81
Net Cash Growth	-	-37.68%	-32.82%	-	-	-96.34%
Net Cash Per Share	0.50	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	102.96	226.62	251.15	257.48	249.69	174.81
Book Value Per Share	5.41	8.44	9.26	12.27	13.76	13.03
Tangible Book Value	109.15	165.63	183.74	248.13	279.77	264.03
Tangible Book Value Per Share	5.06	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.