Velan Inc. (VLN) - Total Liabilities

Latest as of November 2025: CA$156.51 Million CAD ≈ $113.22 Million USD

Based on the latest financial reports, Velan Inc. (VLN) has total liabilities worth CA$156.51 Million CAD (≈ $113.22 Million USD) as of November 2025. Total liabilities represent everything the company owes to external parties, combining both current liabilities—like accounts payable, short-term debt, and accrued expenses—and non-current liabilities such as long-term debt, pension obligations, lease liabilities, and deferred tax liabilities. Also explore VLN net assets growth trend to track the company's year-over-year net asset growth rate.

Velan Inc. - Total Liabilities Trend (1997–2025)

This chart illustrates how Velan Inc.'s total liabilities have evolved over time, based on quarterly financial data. See Velan Inc. (VLN) free cash flow to measure how efficiently the company converts operating cash flow to free cash.

Velan Inc. Competitors by Total Liabilities

The table below lists competitors of Velan Inc. ranked by their total liabilities.

Company	Country	Total Liabilities
WeConnect PA:ALWEC	France	€246.84 Million
Elevate Uranium Ltd AU:EL8	Australia	AU$1.52 Million
Mastech Holdings Inc NYSE MKT:MHH	USA	$24.61 Million
Union Auction Public Company Limited BK:AUCT	Thailand	฿1.31 Billion
Fast Food Indonesia Tbk JK:FAST	Indonesia	Rp4.51 Trillion
Mono Next Public Company Limited BK:MONO	Thailand	฿2.55 Billion
Heranba Industries Limited NSE:HERANBA	India	Rs13.33 Billion
RESOLUTION MINERALS LTD F:NC3	Germany	€1.23 Million

Liability Composition Analysis (1997–2025)

This chart breaks down Velan Inc.'s total liabilities into key components over time: long-term debt, short-term debt, other current liabilities, and other non-current liabilities. Toggle between absolute values and percentage view to see how the composition has shifted. For the full company profile including market capitalisation, see Velan Inc. (VLN) total market value.

Liquidity & Leverage Metrics

Key Metrics Explained

Metric	Value	Description
Current Ratio	2.34	Measures ability to pay short-term obligations (Current Assets ÷ Current Liabilities)
Quick Ratio	N/A	More stringent measure of short-term liquidity ((Current Assets - Inventory) ÷ Current Liabilities)
Cash Ratio	0.30	Most conservative liquidity measure (Cash & Equivalents ÷ Current Liabilities)
Debt to Equity	0.84	Measures financial leverage (Total Liabilities ÷ Shareholder Equity)
Debt to Assets	0.46	Portion of assets financed with debt (Total Liabilities ÷ Total Assets)

Liability Trends Comparison

This chart compares key liability metrics across different time periods, showing how Velan Inc.'s debt structure has evolved. The comparison includes total liabilities, long-term debt, and current liabilities.

Annual Total Liabilities for Velan Inc. (1997–2025)

The table below shows the annual total liabilities of Velan Inc. from 1997 to 2025.

Year	Total Liabilities	Change
2025-02-28	CA$403.23 Million ≈ $291.69 Million	+36.16%
2024-02-29	CA$296.13 Million ≈ $214.22 Million	+6.90%
2023-02-28	CA$277.02 Million ≈ $200.39 Million	+14.04%
2022-02-28	CA$242.92 Million ≈ $175.72 Million	-13.43%
2021-02-28	CA$280.61 Million ≈ $202.99 Million	+10.64%
2020-02-29	CA$253.63 Million ≈ $183.48 Million	+17.68%
2019-02-28	CA$215.52 Million ≈ $155.91 Million	-1.40%
2018-02-28	CA$218.58 Million ≈ $158.11 Million	+16.64%
2017-02-28	CA$187.39 Million ≈ $135.55 Million	+2.67%
2016-02-29	CA$182.51 Million ≈ $132.02 Million	-14.53%
2015-02-28	CA$213.53 Million ≈ $154.47 Million	-19.43%
2014-02-28	CA$265.04 Million ≈ $191.72 Million	-9.11%
2013-02-28	CA$291.60 Million ≈ $210.94 Million	+9.46%
2012-02-29	CA$266.39 Million ≈ $192.70 Million	+46.71%
2011-02-28	CA$181.57 Million ≈ $131.35 Million	+17.55%
2010-02-28	CA$154.47 Million ≈ $111.74 Million	-18.55%
2008-02-29	CA$189.65 Million ≈ $137.19 Million	+38.30%
2007-02-28	CA$137.13 Million ≈ $99.20 Million	+43.90%
2006-02-28	CA$95.29 Million ≈ $68.93 Million	+31.89%
2005-02-28	CA$72.25 Million ≈ $52.26 Million	+35.62%
2004-02-29	CA$53.27 Million ≈ $38.54 Million	+22.79%
2003-02-28	CA$43.39 Million ≈ $31.38 Million	-0.14%
2002-02-28	CA$43.45 Million ≈ $31.43 Million	+4.58%
2001-02-28	CA$41.54 Million ≈ $30.05 Million	-23.08%
2000-02-29	CA$54.01 Million ≈ $39.07 Million	-7.40%
1999-02-28	CA$58.33 Million ≈ $42.19 Million	-5.08%
1998-02-28	CA$61.44 Million ≈ $44.45 Million	+7.60%
1997-02-28	CA$57.10 Million ≈ $41.31 Million	--

About Velan Inc.

TO:VLN Canada Specialty Industrial Machinery

Market Cap

$75.76 Million

CA$104.73 Million CAD

Market Cap Rank

#20251 Global

#693 in Canada

Share Price

CA$17.40

Change (1 day)

-0.51%

52-Week Range

CA$14.20 - CA$19.23

All Time High

CA$19.23