Velan Inc. (VLN) — Working Capital to Net Assets Ratio
Velan Inc. (VLN) has a Working Capital to Net Assets ratio of 86.0% as of November 2025. Working capital of CA$160.38 Million (current assets of CA$280.37 Million minus current liabilities of CA$119.99 Million) is measured against net assets of CA$186.57 Million. A higher ratio indicates strong short-term liquidity financed by the equity base. See Velan Inc. leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Velan Inc. Working Capital to Net Assets (1997–2025)
This chart shows how Velan Inc.'s Working Capital to Net Assets ratio has evolved across 28 annual periods from 1997 to 2025. As of November 2025, the ratio stands at 86.0%, reflecting working capital of CA$160.38 Million against net assets of CA$186.57 Million CAD. See Velan Inc. liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Working Capital to Net Assets for Velan Inc. (1997–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Velan Inc. from 1997 to 2025, covering 28 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. For live market cap and the full company profile, see market cap of Velan Inc..
| Year | WC/NA Ratio | Working Capital (CAD) | Net Assets | Current Assets | Current Liabilities | Change (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 | — |