Velan Inc. (VLN) — Defensive Interval Ratio
Velan Inc. (VLN) has a Defensive Interval Ratio of 368 days as of November 2025. Defensive assets of CA$121.03 Million (cash CA$36.32 Million, short-term investments CA$383.00K, receivables CA$84.33 Million) cover 368 days of daily cash needs of CA$328.73K/day. See Velan Inc. (VLN) working capital ratio to evaluate short-term liquidity relative to the company's equity base.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Velan Inc. Defensive Interval Ratio (1997–2025)
This chart shows how Velan Inc.'s Defensive Interval Ratio has evolved across 28 annual periods from 1997 to 2025. As of November 2025, the ratio stands at 368 days, meaning defensive assets of CA$121.03 Million can fund 368 days of operations without new revenue. See Velan Inc. balance sheet quality to measure how much of total assets are equity-financed.
Annual Defensive Interval Ratio for Velan Inc. (1997–2025)
The table below presents the year-by-year Defensive Interval Ratio for Velan Inc. from 1997 to 2025, covering 28 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. For live market cap and the full company financial profile, see VLN market cap overview.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2025 | 101 days | CA$103.46 Million | CA$1.03 Million/day | CA$34.87 Million | CA$358.00K | ▼ -244 days |
| 2024 | 345 days | CA$151.59 Million | CA$439.42K/day | CA$36.45 Million | CA$5.27 Million | ▼ -91 days |
| 2023 | 436 days | CA$163.60 Million | CA$375.23K/day | CA$50.51 Million | CA$37.00K | ▲ +8 days |
| 2022 | 428 days | CA$181.53 Million | CA$423.78K/day | CA$54.02 Million | CA$8.73 Million | ▲ +52 days |
| 2021 | 377 days | CA$214.14 Million | CA$568.67K/day | CA$74.69 Million | CA$285.00K | ▲ +14 days |
| 2020 | 363 days | CA$214.66 Million | CA$591.39K/day | CA$75.33 Million | CA$627.00K | ▼ -75 days |
| 2019 | 437 days | CA$225.71 Million | CA$515.95K/day | CA$70.67 Million | CA$658.00K | ▲ +25 days |
| 2018 | 412 days | CA$216.16 Million | CA$524.41K/day | CA$85.39 Million | CA$647.00K | ▼ -48 days |
| 2017 | 461 days | CA$204.48 Million | CA$444.03K/day | CA$84.02 Million | CA$974.00K | ▲ +185 days |
| 2016 | 276 days | CA$117.59 Million | CA$426.26K/day | CA$- | CA$3.23 Million | ▲ +87 days |
| 2015 | 189 days | CA$99.43 Million | CA$527.30K/day | CA$- | CA$847.00K | ▼ -3 days |
| 2014 | 192 days | CA$124.04 Million | CA$645.95K/day | CA$- | CA$239.00K | ▲ +2 days |
| 2013 | 190 days | CA$134.77 Million | CA$710.06K/day | CA$- | CA$398.00K | ▼ -2 days |
| 2012 | 192 days | CA$126.49 Million | CA$660.31K/day | CA$- | CA$4.95 Million | ▼ -27 days |
| 2011 | 218 days | CA$99.59 Million | CA$456.11K/day | CA$- | CA$86.91K | ▼ -27 days |
| 2010 | 246 days | CA$94.52 Million | CA$384.54K/day | CA$- | CA$294.93K | ▼ -120 days |
| 2008 | 366 days | CA$165.76 Million | CA$453.32K/day | CA$- | CA$942.37K | ▼ -2 days |
| 2007 | 368 days | CA$123.64 Million | CA$336.32K/day | CA$- | CA$946.24K | ▲ +9 days |
| 2006 | 359 days | CA$83.21 Million | CA$231.86K/day | CA$- | CA$407.79K | ▼ -31 days |
| 2005 | 390 days | CA$69.61 Million | CA$178.55K/day | CA$- | CA$4.78 Million | ▼ -112 days |
| 2004 | 502 days | CA$65.26 Million | CA$129.91K/day | CA$- | CA$14.71 Million | ▲ +8 days |
| 2003 | 495 days | CA$50.02 Million | CA$101.11K/day | CA$- | CA$- | ▼ -56 days |
| 2002 | 551 days | CA$54.82 Million | CA$99.54K/day | CA$- | CA$- | ▼ -340 days |
| 2001 | 890 days | CA$84.99 Million | CA$95.46K/day | CA$- | CA$32.60 Million | ▲ +334 days |
| 2000 | 556 days | CA$71.69 Million | CA$128.94K/day | CA$- | CA$16.22 Million | ▼ -61 days |
| 1999 | 617 days | CA$88.44 Million | CA$143.26K/day | CA$- | CA$38.66 Million | ▲ +187 days |
| 1998 | 431 days | CA$57.26 Million | CA$132.98K/day | CA$- | CA$- | ▲ +10 days |
| 1997 | 421 days | CA$43.90 Million | CA$104.36K/day | CA$- | CA$- | — |