Velan Inc. (TSX:VLN)

Velan Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Cash & Equivalents	59.1	34.87	36.45	50.51	54.02	74.69
Short-Term Investments	4.23	4.05	15.69	7.6	15.6	8.96
Cash & Short-Term Investments	63.33	38.92	52.14	58.11	69.62	83.64
Cash Growth	24.23%	-25.35%	-10.28%	-16.53%	-16.77%	3.08%
Accounts Receivable	58.31	53.72	109.87	113.05	107.71	122.22
Other Receivables	9.65	14.51	16.17	14.2	11.08	16.96
Receivables	67.96	68.23	126.05	127.25	118.79	139.17
Inventory	138.08	134.97	208.7	202.65	223.2	204.16
Other Current Assets	0.79	176.79	0.13	0.11	0.55	0.2
Total Current Assets	270.16	418.9	387.01	388.11	412.16	427.17
Property, Plant & Equipment	52.26	51.35	69.92	68.21	73.91	96.33
Goodwill	-	-	8.46	8.28	8.79	9.5
Other Intangible Assets	6.47	5.89	8.08	7.87	7.91	7.82
Long-Term Deferred Tax Assets	5.26	25.1	5.19	4.66	4.77	39.07
Other Long-Term Assets	0.78	0.72	0.73	0.72	0.9	0.95
Total Assets	334.93	501.97	479.39	477.86	508.43	580.83
Accounts Payable	85.39	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	3.32	2.51	-	0.26	0.55	11.74
Current Portion of Long-Term Debt	1.69	2.1	24.43	8.18	8.11	9.9
Current Portion of Leases	1.51	1.44	1.61	1.3	1.36	1.58
Current Income Taxes Payable	1.83	1.82	1.57	2.83	3.81	1.61
Current Unearned Revenue	16.02	22.34	30.4	28.2	41.34	32
Other Current Liabilities	10.26	266.38	15.14	17.65	20.68	35.65
Total Current Liabilities	120.03	374.29	160.39	136.96	154.68	177.49
Long-Term Debt	14.7	14.11	4.35	21.72	22.93	48.19
Long-Term Leases	4.7	4.73	11.04	9.46	11.07	12.65
Long-Term Unearned Revenue	8.98	3.88	35.08	27.94	30.14	30.08
Long-Term Deferred Tax Liabilities	1.26	0.74	3.46	3.97	4.03	2.55
Other Long-Term Liabilities	5	5.49	81.82	76.98	20.08	9.66
Total Liabilities	154.66	403.23	296.13	277.02	242.92	280.61
Common Stock	72.7	72.7	72.7	72.7	72.7	72.7
Additional Paid-In Capital	6.36	6.36	6.26	6.26	6.26	6.26
Retained Earnings	137.94	65.95	141.91	162.14	218	239.14
Comprehensive Income & Other	-37.56	-47.14	-38.69	-41.21	-32.13	-21.01
Total Common Equity	179.44	97.86	182.18	199.89	264.82	297.08
Minority Interest	0.83	0.88	1.08	0.95	0.69	3.14
Shareholders' Equity	180.26	98.74	183.26	200.84	265.51	300.22
Total Liabilities & Equity	334.93	501.97	479.39	477.86	508.43	580.83
Total Debt	25.93	24.88	41.42	40.91	44.02	84.05
Net Cash (Debt)	37.41	14.04	10.72	17.2	25.6	-0.41
Net Cash Growth	219.62%	31.04%	-37.68%	-32.82%	-	-
Net Cash Per Share	1.73	0.65	0.50	0.80	1.19	-0.02
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	150.14	44.61	226.62	251.15	257.48	249.69
Book Value Per Share	8.31	4.53	8.44	9.26	12.27	13.76
Tangible Book Value	172.97	91.97	165.63	183.74	248.13	279.77
Tangible Book Value Per Share	8.01	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.