Velan Inc. (TSX:VLN)

Velan Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Cash & Equivalents	34.87	36.45	50.51	54.02	74.69
Short-Term Investments	4.05	15.69	7.6	15.6	8.96
Cash & Short-Term Investments	38.92	52.14	58.11	69.62	83.64
Cash Growth	-25.35%	-10.28%	-16.53%	-16.77%	3.08%
Accounts Receivable	53.72	109.87	113.05	107.71	122.22
Other Receivables	14.51	16.17	14.2	11.08	16.96
Receivables	68.23	126.05	127.25	118.79	139.17
Inventory	134.97	208.7	202.65	223.2	204.16
Other Current Assets	176.79	0.13	0.11	0.55	0.2
Total Current Assets	418.9	387.01	388.11	412.16	427.17
Property, Plant & Equipment	51.35	69.92	68.21	73.91	96.33
Goodwill	-	8.46	8.28	8.79	9.5
Other Intangible Assets	5.89	8.08	7.87	7.91	7.82
Long-Term Deferred Tax Assets	25.1	5.19	4.66	4.77	39.07
Other Long-Term Assets	0.72	0.73	0.72	0.9	0.95
Total Assets	501.97	479.39	477.86	508.43	580.83
Accounts Payable	30.07	46.29	39.9	34.31	37.08
Accrued Expenses	47.65	40.95	38.64	44.53	47.93
Short-Term Debt	2.51	-	0.26	0.55	11.74
Current Portion of Long-Term Debt	2.1	24.43	8.18	8.11	9.9
Current Portion of Leases	1.44	1.61	1.3	1.36	1.58
Current Income Taxes Payable	1.82	1.57	2.83	3.81	1.61
Current Unearned Revenue	22.34	30.4	28.2	41.34	32
Other Current Liabilities	266.38	15.14	17.65	20.68	35.65
Total Current Liabilities	374.29	160.39	136.96	154.68	177.49
Long-Term Debt	14.11	4.35	21.72	22.93	48.19
Long-Term Leases	4.73	11.04	9.46	11.07	12.65
Long-Term Unearned Revenue	3.88	35.08	27.94	30.14	30.08
Long-Term Deferred Tax Liabilities	0.74	3.46	3.97	4.03	2.55
Other Long-Term Liabilities	5.49	81.82	76.98	20.08	9.66
Total Liabilities	403.23	296.13	277.02	242.92	280.61
Common Stock	72.7	72.7	72.7	72.7	72.7
Additional Paid-In Capital	6.36	6.26	6.26	6.26	6.26
Retained Earnings	65.95	141.91	162.14	218	239.14
Comprehensive Income & Other	-47.14	-38.69	-41.21	-32.13	-21.01
Total Common Equity	97.86	182.18	199.89	264.82	297.08
Minority Interest	0.88	1.08	0.95	0.69	3.14
Shareholders' Equity	98.74	183.26	200.84	265.51	300.22
Total Liabilities & Equity	501.97	479.39	477.86	508.43	580.83
Total Debt	24.88	41.42	40.91	44.02	84.05
Net Cash (Debt)	14.04	10.72	17.2	25.6	-0.41
Net Cash Growth	31.04%	-37.68%	-32.82%	-	-
Net Cash Per Share	0.65	0.50	0.80	1.19	-0.02
Filing Date Shares Outstanding	21.59	21.59	21.59	21.59	21.59
Total Common Shares Outstanding	21.59	21.59	21.59	21.59	21.59
Working Capital	44.61	226.62	251.15	257.48	249.69
Book Value Per Share	4.53	8.44	9.26	12.27	13.76
Tangible Book Value	91.97	165.63	183.74	248.13	279.77
Tangible Book Value Per Share	4.26	7.67	8.51	11.50	12.96
Land	7.9	9.41	9.38	9.57	26.5
Buildings	43.8	54.29	53.25	54.34	56.18
Machinery	131.69	151.88	147.49	153.11	161.2
Leasehold Improvements	1.92	3.92	3.38	3.3	3.12
Order Backlog	274.88	283.65	464.34	501.22	562.49

Source: S&P Global Market Intelligence. Standard template. Financial Sources.