Velan Inc.

Velan Inc.verified

VLN.TO

Price:

$11.5

Market Cap:

$178.57M

Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester cap...[Read more]

Industry

Industrial - Machinery

IPO Date

1998-06-03

Stock Exchange

TSX

Ticker

VLN.TO

The Current Ratio as of November 2024 (TTM) for Velan Inc. (VLN.TO) is 2.55

According to Velan Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 2.55. This represents a change of -0.92% compared to the average of 2.57 of the last 4 quarters.

Velan Inc. (VLN.TO) Historical Current Ratio (quarterly & annually)

How has VLN.TO Current Ratio performed in the past?

The mean historical Current Ratio of Velan Inc. over the last ten years is 2.31. The current 2.55 Current Ratio has changed 10.91% with respect to the historical average. Over the past ten years (40 quarters), VLN.TO's Current Ratio was at its highest in in the February 2023 quarter at 2.83. The Current Ratio was at its lowest in in the February 2020 quarter at 1.83.

Quarterly (TTM)
Annual

Average

2.31

Median

2.30

Minimum

1.83

Maximum

2.83

Velan Inc. (VLN.TO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Velan Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 29.48%

Maximum Annual Current Ratio = 2.83

Minimum Annual Increase = -14.85%

Minimum Annual Current Ratio = 1.83

Quarterly (TTM)
Annual
YearCurrent RatioChange
20242.41-14.85%
20232.836.35%
20222.6629.48%
20212.0612.19%
20201.83-12.79%
20192.10-1.09%
20182.13-12.82%
20172.44-1.56%
20162.4813.49%
20152.189.28%

Velan Inc. (VLN.TO) Average Current Ratio

How has VLN.TO Current Ratio performed in the past?

The current Current Ratio of Velan Inc. (VLN.TO) is less than than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

2.64

5-year avg

2.36

10-year avg

2.31

Velan Inc. (VLN.TO) Current Ratio vs. Peers

How is VLN.TO’s Current Ratio compared to its peers?

Velan Inc.’s Current Ratio is greater than Logistec Corporation (1.49), greater than mdf commerce inc. (0.71), greater than TVA Group Inc. (1.12), greater than Baylin Technologies Inc. (0.88), greater than Uni-Select Inc. (1.46),

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