Velan (TSX:VLN) Debt-to-Equity : 0.24 (As of Nov. 2023)

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What is Velan Debt-to-Equity?

Velan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$18.7 Mil. Velan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$41.7 Mil. Velan's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$253.6 Mil. Velan's debt to equity for the quarter that ended in Nov. 2023 was 0.24.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Velan's Debt-to-Equity or its related term are showing as below:

TSX:VLN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.16 Max: 0.3
Current: 0.24

During the past 13 years, the highest Debt-to-Equity Ratio of Velan was 0.30. The lowest was 0.07. And the median was 0.16.

TSX:VLN's Debt-to-Equity is ranked better than
55.99% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSX:VLN: 0.24

Velan Debt-to-Equity Historical Data

The historical data trend for Velan's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Velan Debt-to-Equity Chart

Velan Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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0.18

0.29

0.28

0.17

0.21

Velan Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.21	0.21	0.25	0.24

Competitive Comparison of Velan's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Velan's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Velan's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Velan's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Velan's Debt-to-Equity falls into.

Velan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Velan's Debt to Equity Ratio for the fiscal year that ended in Feb. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(13.097	+	41.946)	/	268.931
	=	0.20

Velan's Debt to Equity Ratio for the quarter that ended in Nov. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(18.744	+	41.656)	/	253.551
	=	0.24

Velan (TSX:VLN) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Velan Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Velan's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Velan (TSX:VLN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Velan Inc (TSX:VLN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VLNSF:USA 946:Germany

Address

7007 Cote de Liesse, Montreal, QC, CAN, H4T 1G2

Website

https://www.velan.com

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.