Velan Inc. (VLN) — Tangible Net Worth Ratio
Velan Inc. (VLN) has a Tangible Net Worth Ratio of 97.7% as of May 2026. This metric is calculated by deducting intangible assets (CA$3.89 Million) from net assets (CA$167.04 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Velan Inc. net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Velan Inc. Tangible Net Worth Ratio (1997–2026)
This chart shows how Velan Inc.'s Tangible Net Worth Ratio has changed across 29 annual periods from 1997 to 2026. As of May 2026, the ratio stands at 97.7%, reflecting net assets of CA$167.04 Million with intangible assets of CA$3.89 Million CAD. For live market cap and overall valuation, see Velan Inc. stock valuation.
Annual Tangible Net Worth Ratio for Velan Inc. (1997–2026)
The table below presents the year-by-year Tangible Net Worth Ratio for Velan Inc. from 1997 to 2026, covering 29 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore VLN capital expenditure intensity to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (CAD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2026 | 97.5% | CA$181.94 Million | CA$4.47 Million | CA$346.30 Million | ▲ +3.5 pp |
| 2025 | 94.0% | CA$98.74 Million | CA$5.89 Million | CA$501.97 Million | ▼ -1.6 pp |
| 2024 | 95.6% | CA$183.26 Million | CA$8.08 Million | CA$479.39 Million | ▼ -0.5 pp |
| 2023 | 96.1% | CA$200.84 Million | CA$7.87 Million | CA$477.86 Million | ▼ -0.9 pp |
| 2022 | 97.0% | CA$265.51 Million | CA$7.91 Million | CA$508.43 Million | ▼ -0.4 pp |
| 2021 | 97.4% | CA$300.22 Million | CA$7.82 Million | CA$580.83 Million | ▲ +0.4 pp |
| 2020 | 97.0% | CA$284.86 Million | CA$8.55 Million | CA$538.50 Million | ▼ 0.0 pp |
| 2019 | 97.0% | CA$308.83 Million | CA$9.20 Million | CA$524.36 Million | ▲ +0.3 pp |
| 2018 | 96.7% | CA$321.62 Million | CA$10.64 Million | CA$540.19 Million | ▼ -0.1 pp |
| 2017 | 96.8% | CA$331.91 Million | CA$10.72 Million | CA$519.30 Million | ▲ +0.3 pp |
| 2016 | 96.5% | CA$333.12 Million | CA$11.82 Million | CA$515.63 Million | ▲ +0.2 pp |
| 2015 | 96.3% | CA$345.09 Million | CA$12.89 Million | CA$558.63 Million | ▲ +1.3 pp |
| 2014 | 95.0% | CA$359.12 Million | CA$17.94 Million | CA$624.15 Million | ▲ +0.8 pp |
| 2013 | 94.2% | CA$328.17 Million | CA$19.11 Million | CA$619.77 Million | ▲ +0.8 pp |
| 2012 | 93.4% | CA$335.58 Million | CA$22.11 Million | CA$601.97 Million | ▼ -6.6 pp |
| 2011 | 100.0% | CA$351.38 Million | CA$0.00 | CA$532.96 Million | ▲ +0.0 pp |
| 2010 | 100.0% | CA$333.30 Million | CA$0.00 | CA$487.77 Million | ▲ +0.0 pp |
| 2008 | 100.0% | CA$283.51 Million | CA$0.00 | CA$473.17 Million | ▲ +0.0 pp |
| 2007 | 100.0% | CA$246.96 Million | CA$0.00 | CA$384.09 Million | ▲ +0.0 pp |
| 2006 | 100.0% | CA$219.90 Million | CA$0.00 | CA$315.19 Million | ▲ +5.3 pp |
| 2005 | 94.7% | CA$189.34 Million | CA$9.96 Million | CA$261.59 Million | ▼ -0.2 pp |
| 2004 | 95.0% | CA$182.81 Million | CA$9.18 Million | CA$236.08 Million | ▼ -0.2 pp |
| 2003 | 95.1% | CA$187.66 Million | CA$9.11 Million | CA$231.05 Million | ▲ +0.3 pp |
| 2002 | 94.9% | CA$165.57 Million | CA$8.53 Million | CA$209.02 Million | ▲ +0.7 pp |
| 2001 | 94.1% | CA$162.86 Million | CA$9.60 Million | CA$204.40 Million | ▲ +1.3 pp |
| 2000 | 92.8% | CA$153.83 Million | CA$11.00 Million | CA$207.84 Million | ▼ -6.8 pp |
| 1999 | 99.6% | CA$140.79 Million | CA$542.56K | CA$199.12 Million | ▼ -0.4 pp |
| 1998 | 100.0% | CA$114.99 Million | CA$0.00 | CA$176.44 Million | ▲ +0.0 pp |
| 1997 | 100.0% | CA$97.37 Million | CA$0.00 | CA$154.48 Million | — |