Velan Inc. (VLN) — Working Capital to Net Assets Ratio
Velan Inc. (VLN) has a Working Capital to Net Assets ratio of 88.1% as of May 2026. Working capital of CA$147.23 Million (current assets of CA$258.82 Million minus current liabilities of CA$111.59 Million) is measured against net assets of CA$167.04 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See operational self-sufficiency of Velan Inc. to measure how many days the company can operate on defensive assets alone.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Velan Inc. Working Capital to Net Assets (1997–2026)
This chart shows how Velan Inc.'s Working Capital to Net Assets ratio has evolved across 29 annual periods from 1997 to 2026. As of May 2026, the ratio stands at 88.1%, reflecting working capital of CA$147.23 Million against net assets of CA$167.04 Million CAD. For the complete balance sheet picture, see Velan Inc. (VLN) total assets.
Annual Working Capital to Net Assets for Velan Inc. (1997–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Velan Inc. from 1997 to 2026, covering 29 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. Check VLN asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 82.9% | CA$150.82 Million | CA$181.94 Million | CA$284.89 Million | CA$134.06 Million | ▲ +37.7 pp |
| 2025 | 45.2% | CA$44.61 Million | CA$98.74 Million | CA$418.90 Million | CA$374.29 Million | ▼ -78.5 pp |
| 2024 | 123.7% | CA$226.62 Million | CA$183.26 Million | CA$387.01 Million | CA$160.39 Million | ▼ -1.4 pp |
| 2023 | 125.1% | CA$251.15 Million | CA$200.84 Million | CA$388.11 Million | CA$136.96 Million | ▲ +28.1 pp |
| 2022 | 97.0% | CA$257.48 Million | CA$265.51 Million | CA$412.16 Million | CA$154.68 Million | ▲ +23.8 pp |
| 2021 | 73.1% | CA$219.61 Million | CA$300.22 Million | CA$427.17 Million | CA$207.56 Million | ▲ +9.9 pp |
| 2020 | 63.2% | CA$180.09 Million | CA$284.86 Million | CA$395.95 Million | CA$215.86 Million | ▼ -4.1 pp |
| 2019 | 67.3% | CA$207.78 Million | CA$308.83 Million | CA$396.10 Million | CA$188.32 Million | ▲ +0.2 pp |
| 2018 | 67.0% | CA$215.64 Million | CA$321.62 Million | CA$407.05 Million | CA$191.41 Million | ▼ -3.2 pp |
| 2017 | 70.3% | CA$233.26 Million | CA$331.91 Million | CA$395.33 Million | CA$162.07 Million | ▲ +1.2 pp |
| 2016 | 69.0% | CA$229.96 Million | CA$333.12 Million | CA$385.54 Million | CA$155.58 Million | ▲ +3.0 pp |
| 2015 | 66.0% | CA$227.79 Million | CA$345.09 Million | CA$420.26 Million | CA$192.47 Million | ▲ +0.5 pp |
| 2014 | 65.5% | CA$235.32 Million | CA$359.12 Million | CA$471.09 Million | CA$235.77 Million | ▲ +0.4 pp |
| 2013 | 65.2% | CA$213.81 Million | CA$328.17 Million | CA$472.99 Million | CA$259.17 Million | ▲ +0.3 pp |
| 2012 | 64.8% | CA$217.52 Million | CA$335.58 Million | CA$458.54 Million | CA$241.01 Million | ▼ -14.0 pp |
| 2011 | 78.8% | CA$276.84 Million | CA$351.38 Million | CA$443.32 Million | CA$166.48 Million | ▲ +0.0 pp |
| 2010 | 78.8% | CA$262.51 Million | CA$333.30 Million | CA$402.87 Million | CA$140.36 Million | ▼ -1.8 pp |
| 2008 | 80.6% | CA$228.41 Million | CA$283.51 Million | CA$393.87 Million | CA$165.46 Million | ▲ +1.7 pp |
| 2007 | 78.9% | CA$194.80 Million | CA$246.96 Million | CA$317.56 Million | CA$122.76 Million | ▲ +2.1 pp |
| 2006 | 76.7% | CA$168.77 Million | CA$219.90 Million | CA$253.40 Million | CA$84.63 Million | ▲ +3.5 pp |
| 2005 | 73.2% | CA$138.61 Million | CA$189.34 Million | CA$203.78 Million | CA$65.17 Million | ▼ -2.2 pp |
| 2004 | 75.4% | CA$137.77 Million | CA$182.81 Million | CA$185.19 Million | CA$47.42 Million | ▼ -0.5 pp |
| 2003 | 75.9% | CA$142.42 Million | CA$187.66 Million | CA$179.33 Million | CA$36.91 Million | ▼ -0.5 pp |
| 2002 | 76.4% | CA$126.53 Million | CA$165.57 Million | CA$162.87 Million | CA$36.33 Million | ▲ +1.5 pp |
| 2001 | 74.9% | CA$122.00 Million | CA$162.86 Million | CA$156.85 Million | CA$34.84 Million | ▲ +4.0 pp |
| 2000 | 70.9% | CA$109.11 Million | CA$153.83 Million | CA$156.17 Million | CA$47.06 Million | ▼ -8.9 pp |
| 1999 | 79.8% | CA$112.38 Million | CA$140.79 Million | CA$164.67 Million | CA$52.29 Million | ▼ -2.0 pp |
| 1998 | 81.9% | CA$94.12 Million | CA$114.99 Million | CA$142.66 Million | CA$48.54 Million | ▼ -12.0 pp |
| 1997 | 93.9% | CA$91.42 Million | CA$97.37 Million | CA$129.52 Million | CA$38.09 Million | — |