Velan Inc. Working Capital to Net Assets Ratio
Velan Inc. 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. Check Velan Inc. (VLN) tangible equity ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of Velan Inc. (1997–2026)
Working capital to net assets ratio of Velan Inc. from 1997 to 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. See VLN defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Velan Inc. Working Capital to Net Assets Ratio by Year (1997–2026)
Velan Inc. working capital to net assets ratio by year from 1997 to 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. For the complete balance sheet picture, see balance sheet size of Velan Inc..
| 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 | — |