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Financial statements

Viskase Holdings, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Viskase Holdings, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue8.388.386.920.210.050.70.030.03
Operating expenses1.731.371.061.181.361.171.061.041.355.31
Operating income-0.97-1.31-0.47-1.03-1.04-1.33-5.31
Pre-tax income6.647.015.86-0.97-1.3-0.46-0.391.221.13-3.39
Income tax7.771.560.010.010.010.01-0.2-0.160.350.02
Net income-1.135.455.85-0.98-1.31-0.47-0.191.370.78-3.41
EPS, basic-0.030.120.13-0.02-0.03-0.03-0.020.00-0.01-0.07
EPS, diluted-0.030.120.13-0.02-0.03-0.03-0.020.00-0.01-0.07
Shares, basic (weighted)44.244.244.244.20.050.0774.274.274.274.2
Shares, diluted (weighted)44.244.244.244.20.050.0774.274.274.274.2
Dividend per share0.15

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and equivalents7.647.486.55.4548.147.6474746.99.22
Receivables60.2
Inventory96.8
Other current assets0.270.090.070.060.060.090.410.330.2942.5
Total current assets7.917.5714.55.9948.247.847.447.347.2209
Property, plant and equipment141
Lease right-of-use assets19.9
Goodwill3.13
Intangible assets13.4
Other non-current assets9.84
Total assets11.39.5115.56.4848.247.847.647.747.2402
Accounts payable0.770.230.440.320.30.330.330.330.3344.3
Accrued liabilities0.170.140.080.10.110.070.090.110.0724.3
Short-term debt142
Total current liabilities0.940.370.520.420.410.41.71.711.68215
Lease liabilities18.1
Total liabilities0.940.370.520.4240.942.944.251.2-123258
Total debt142
Paid-in capital90.383.683.675.7787674.773.472.2213
Retained earnings-80.4-74.9-69.1-70.1-71.4-71.9-72-70.7-69.9-11.9
Other comprehensive income-55.4
Shareholders' equity10.39.14156.067.364.873.41-3.513.01146
Minority interests-1.48
Total equity10.39.14156.067.364.873.41-3.51170144
Total liabilities and equity11.39.5115.56.4848.247.847.647.747.2402
Shares outstanding44.244.244.244.274.274.274.274.274.26.61

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income-1.135.455.85-0.98-1.31-0.47-0.191.370.78-3.41
Stock-based compensation000000000
Deferred income tax7.753.360-0.2-0.160.340.02
Cash from operations2.66.47-0.986.91-0.38-0.5-0.661.311.12-3.01
Stock issued0043.60000
Dividends paid-6.63-6.630-7.9600-1.28-1.28-1.28
Cash from financing-6.63-6.630-7.9643.10-1.28-1.28-1.28
Net change in cash-4.03-0.16-0.98-1.0542.7-0.5-0.660.03-0.15-4.29
Income taxes paid1350000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.71 on July 30, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)10.0%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)4.4%Net income / average total assets.
Return on invested capital (ROIC)1.4%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Net income growth, 1y-538.2%Net income vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-368.3%Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y4,749.0%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y249.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y81.7%Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y752.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y103.7%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y52.8%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y0.0%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y329.0%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.84xCurrent assets / current liabilities.
Quick ratio0.61x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Debt / equity0.69xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets30.5%Total debt / total assets.
Liabilities / assets56.4%Total liabilities / total assets.
Net debt$121.5MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital$103.7MCurrent assets - current liabilities.
Goodwill and intangibles / assets3.7%(Goodwill + intangible assets) / total assets.
Tangible book value$171.1MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
EPS, diluted$1.30Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share-$2.30Cash from operations / diluted weighted shares.
Book value per share$13.03Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$11.94Tangible book value / shares outstanding.
Cash per share$0.55(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$67.5MShare price x shares outstanding.
Enterprise value$189.0MMarket cap + total debt - cash - short-term investments.
P/E3.62xMarket cap / net income. Only when net income is positive.
P/B0.36xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book0.39xMarket cap / tangible book value, when positive.
EV/EBIT35.2xEnterprise value / operating income, when both are positive.
Earnings yield27.7%Net income / market cap (the inverse of P/E).
Was Viskase Holdings, Inc. profitable in fiscal 2025?

No. It reported a net loss of $3.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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