Velan Inc. (VLN) — Defensive Interval Ratio
Velan Inc. (VLN) has a Defensive Interval Ratio of 267 days as of May 2026. Defensive assets of CA$81.51 Million (cash CA$-, short-term investments CA$1.37 Million, receivables CA$80.14 Million) cover 267 days of daily cash needs of CA$305.73K/day.
Defensive Interval Ratio
Defensive Assets
Daily Cash Need
Current Liabilities
Velan Inc. Defensive Interval Ratio (1997–2026)
This chart shows how Velan Inc.'s Defensive Interval Ratio has evolved across 29 annual periods from 1997 to 2026. As of May 2026, the ratio stands at 267 days, meaning defensive assets of CA$81.51 Million can fund 267 days of operations without new revenue. For the complete balance sheet picture, see Velan Inc. balance sheet assets.
Annual Defensive Interval Ratio for Velan Inc. (1997–2026)
The table below presents the year-by-year Defensive Interval Ratio for Velan Inc. from 1997 to 2026, covering 29 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See working capital to net assets of Velan Inc. to evaluate short-term liquidity relative to the company's equity base.
| Year | DIR (days) | Defensive Assets (CAD) | Daily Cash Need | Cash | ST Investments | Change (days) |
|---|---|---|---|---|---|---|
| 2026 | 221 days | CA$81.18 Million | CA$367.30K/day | CA$- | CA$370.67K | ▲ +120 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$- | — |