Covalon Technologies Ltd. (TSXV:COV)

Covalon Technologies Balance Sheet

Financials in millions CAD. Fiscal year is October - September.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Equivalents	16.57	17.37	16.75	8.79	14.06	22.95
Cash & Short-Term Investments	16.57	17.37	16.75	8.79	14.06	22.95
Cash Growth	-8.11%	3.71%	90.42%	-37.46%	-38.72%	554.32%
Accounts Receivable	4.7	5.84	3.65	6.16	4.73	6.4
Other Receivables	-	0.09	0.26	-	-	-
Total Trade Receivables	4.7	5.93	3.91	6.16	4.73	6.4
Inventory	6.38	7.4	7.7	5.94	4.97	4.7
Other Current Assets	0.51	0.84	0.69	0.39	3.47	3.39
Total Current Assets	28.15	31.53	29.04	21.29	27.23	37.44
Net Property, Plant & Equipment	3.72	3.24	1.18	1.68	1.87	2.11
Other Intangible Assets	1.31	1.35	1.44	1.79	1.28	0.9
Other Long-Term Assets	-	-	0.15	0.14	-	0.14
Total Assets	33.18	36.12	31.81	24.9	30.38	40.58

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Accounts Payable	3.28	3.14	3.32	4.46	3.72	4.04
Current Portion of Leases	0.33	0.63	0.6	0.64	0.61	0.54
Unearned Revenue	0.11	-	0.07	0.08	0.21	0.41
Total Current Liabilities	3.72	3.77	4	5.19	4.54	5
Long-Term Leases	1.44	1.63	0.3	0.92	1.56	2.05
Other Long-Term Liabilities	-	-	0	-	0.05	0.16
Total Long-Term Liabilities	1.44	1.63	0.31	0.92	1.61	2.21
Total Liabilities	5.16	5.4	4.3	6.11	6.15	7.21

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Common Stock	52.11	51.82	51.75	42.77	43.84	44.68
Additional Paid-in Capital	8.42	8.57	8.32	11.44	11.28	11.83
Accumulated Other Comprehensive Income	4.05	3.98	3.13	2.95	3.01	1.11
Retained Earnings	-36.56	-33.64	-35.7	-38.37	-33.91	-24.24
Shareholders' Equity	28.02	30.73	27.5	18.79	24.23	33.37
Total Liabilities & Equity	33.18	36.12	31.81	24.9	30.38	40.58

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Total Debt	1.77	2.25	0.9	1.56	2.17	2.59
Net Cash (Debt)	14.79	15.11	15.85	7.23	11.89	20.36
Net Cash Growth	-15.08%	-4.62%	119.09%	-39.19%	-41.58%	-
Net Cash Per Share	0.53	0.54	0.64	0.29	0.47	0.79
Book Value	28.02	30.73	27.5	18.79	24.23	33.37
Book Value Per Share	1.01	1.10	1.10	0.75	0.95	1.29
Tangible Book Value	26.71	29.38	26.06	17	22.95	32.48
Tangible Book Value Per Share	0.96	1.05	1.04	0.68	0.90	1.26

Data Source: Fiscal.ai Last updated: May 21, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error