Vision Marine Technologies Inc. (VMAR)

VMAR Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	May 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Cash & Equivalents	0.34	3.36	5.82	18.15	1.3	-
Cash & Short-Term Investments	0.34	3.36	5.82	18.15	1.3	-
Cash Growth	-77.78%	-42.33%	-67.90%	1299.48%	-	-
Accounts Receivable	0.01	0.06	0.11	0.03	-	0.07
Other Receivables	0.37	0.63	1.08	0.44	0.48	0.43
Receivables	0.38	0.69	1.19	0.47	0.48	0.5
Inventory	5.49	2.45	2.09	1.98	0.49	0.82
Prepaid Expenses	2.74	1.97	2.47	0.54	0.17	0.01
Restricted Cash	-	-	-	-	0	0.04
Other Current Assets	0.02	0.02	0.02	0.19	-	-
Total Current Assets	8.96	8.49	11.6	21.32	2.44	1.37
Property, Plant & Equipment	2.74	4.73	4.48	4.32	1.19	0.51
Long-Term Investments	-	-	2.44	2.85	-	-
Goodwill	4.43	9.68	9.35	9.03	-	-
Other Intangible Assets	0.9	0.97	1.11	1.23	-	-
Long-Term Deferred Tax Assets	0.1	0.07	-	0.02	-	-
Other Long-Term Assets	0.01	0.11	0.12	0.03	-	0.04
Total Assets	17.14	24.05	29.1	38.8	3.63	1.91
Accounts Payable	2.01	1.11	0.74	0.56	0.59	0.35
Accrued Expenses	0.49	0.65	0.29	0.29	0.05	0.03
Short-Term Debt	-	0.16	-	-	0.17	0.28
Current Portion of Long-Term Debt	0.06	0.27	0.07	0.01	0.96	0.61
Current Portion of Leases	0.44	0.65	0.56	0.56	0.12	0
Current Income Taxes Payable	-	-	0	0.14	-	-
Current Unearned Revenue	0.91	1.82	1.03	0.9	0.02	0.18
Other Current Liabilities	0.09	0.21	0.18	0.24	-	-
Total Current Liabilities	4	4.85	2.87	2.69	1.91	1.46
Long-Term Debt	0.14	0.03	0.16	0.05	0.35	0.58
Long-Term Leases	0.9	1.99	1.85	2.4	0.55	0
Long-Term Deferred Tax Liabilities	-	0.05	0.19	0.12	0.03	0
Other Long-Term Liabilities	8.38	5.56	-	-	-	-
Total Liabilities	13.42	12.48	5.07	5.28	2.84	2.05
Common Stock	52.49	50.4	43.44	42.83	2.5	0
Additional Paid-In Capital	12.05	11.68	10.56	7.86	0.74	-
Retained Earnings	-61.96	-51.55	-30.67	-17.56	-2.45	-0.17
Comprehensive Income & Other	1.13	1.03	0.7	0.39	-	0.04
Shareholders' Equity	3.72	11.56	24.03	33.53	0.79	-0.13
Total Liabilities & Equity	17.14	24.05	29.1	38.8	3.63	1.91
Total Debt	1.54	3.1	2.64	3.03	2.15	1.49
Net Cash (Debt)	-1.2	0.26	3.18	15.12	-0.86	-1.49
Net Cash Growth	-	-91.92%	-78.95%	-	-	-
Net Cash Per Share	-13.92	3.75	51.64	275.30	-27.67	-53.76
Filing Date Shares Outstanding	0.09	0.09	0.06	0.06	0.06	-
Total Common Shares Outstanding	0.09	0.08	0.06	0.06	0.03	-
Working Capital	4.96	3.64	8.73	18.63	0.53	-0.09
Book Value Per Share	40.59	139.73	385.35	543.66	23.32	-
Tangible Book Value	-1.61	0.92	13.56	23.27	0.79	-0.13
Tangible Book Value Per Share	-17.54	11.08	217.52	377.29	23.32	-
Machinery	1.83	2.53	2.36	1.55	0.73	0.69
Leasehold Improvements	0.37	0.36	0.26	0.13	0.03	-

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