Vision Marine Technologies (VMAR) Balance Sheet: Assets & Liabilities

Vision Marine Technologies (VMAR) Balance Sheet

As of Aug 31, 2025 (end of fiscal 2025), Vision Marine Technologies reported total assets of $69.91M and total liabilities of $61.46M. Shareholders' equity was $8.45M, up 279.1% from $2.23M a year earlier. Total debt stood at $33.89M against $7.42M in cash and short-term investments, a net debt position of $26.47M. That puts debt-to-equity at 4.01, compared with 0.15 a year earlier.

Vision Marine Technologies Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Vision Marine Technologies Inc. (VMAR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Nov 2021	Aug 2021	Aug 2020	Aug 2019	Aug 2018
Current Assets
Cash and Cash Equivalents	7.42	0.05	2.48	4.45	18.15	14.36	1.30	0.00	0.07
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	0.07
Cash & Short-Term Investments	7.42	0.05	2.48	4.45	18.15	14.36	1.30	0.00	0.07
Accounts Receivable	0.48	0.10	0.41	0.08	0.65	0.32	0.48	0.50	0.58
Inventory	39.57	5.93	1.81	1.60	1.98	1.56	0.49	0.82	0.93
Other Current Assets	3.77	1.60	1.47	2.47	0.54	0.54	0.17	0.05	0.00
Total Current Assets	58.97	6.38	6.27	8.86	21.32	16.87	2.44	1.37	1.58
Non-Current Assets
Property, Plant & Equipment (Net)	10.38	1.36	3.56	3.42	4.32	4.32	1.19	0.51	0.36
Long-Term Investments	0.08	0.00	0.08	0.12	0.03	2.85	0.00	0.00	0.00
Goodwill	0.00	0.00	7.15	7.14	9.03	9.03	0.00	0.00	0.00
Intangible Assets	0.48	0.64	0.71	0.85	1.23	0.97	0.00	0.00	0.00
Other Non-Current Assets	0.08	0.06	0.00	2.44	2.85	0.05	0.00	0.04	0.04
Total Non-Current Assets	10.94	2.07	11.57	13.36	17.48	-	1.19	0.55	0.41
Total Assets	69.91	8.46	17.84	22.22	38.80	30.69	3.63	1.91	1.99
Current Liabilities
Accounts Payable	8.61	3.33	1.30	0.56	0.56	0.85	0.59	0.35	0.47
Short-Term Debt	32.51	0.06	0.32	0.06	0.57	0.01	0.35	0.31	0.14
Current Portion of Long-Term Debt	0.66	0.08	0.27	0.07	-	0.01	-	-	-
Accrued Liabilities	0.07	0.07	0.09	0.00	-	0.14	-	-	-
Deferred Revenue	5.67	0.61	1.34	0.79	0.90	0.90	0.02	0.18	0.68
Other Current Liabilities	0.51	1.68	4.19	0.14	0.49	0.24	0.95	0.63	0.60
Total Current Liabilities	49.70	5.86	7.69	2.19	2.69	2.69	1.91	1.46	1.89
Non-Current Liabilities
Long-Term Debt	1.37	0.26	0.02	0.12	2.46	0.05	0.91	0.13	0.06
Deferred Tax Liabilities	0.01	0.00	0.05	0.14	0.12	0.10	0.03	0.00	0.00
Other Non-Current Liabilities	5.05	0.00	0.00	0.00	0.00	0.12	0.03	0.45	0.44
Total Non-Current Liabilities	11.77	0.37	1.55	1.68	2.58	2.58	0.93	0.59	0.51
Total Liabilities	61.46	6.23	9.24	3.87	5.28	4.17	2.84	2.05	2.40
Stockholders' Equity
Common Stock	67.14	42.03	38.34	33.18	42.83	42.83	2.50	0.00	0.00
Retained Earnings	-71.58	-49.93	-39.55	-23.42	-17.56	-17.56	-2.45	-0.17	-0.40
Accumulated Other Comprehensive Income	1.10	0.72	0.69	0.53	0.39	0.39	0.00	0.00	0.00
Additional Paid-in Capital	11.79	9.41	9.12	8.07	7.86	-	0.74	0.04	0.00
Shares Outstanding	0.00	0.00	0.00	0.00	-	-	-	-	-
Total Stockholders' Equity	8.45	2.23	8.61	18.35	33.53	26.52	0.79	-0.13	-0.40
Total Liabilities & Equity	69.91	8.46	17.84	22.22	38.80	-	3.63	1.91	1.99

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Vision Marine Technologies Balance Sheet

How much debt does Vision Marine Technologies have?

Vision Marine Technologies had total debt of $33.89M as of Aug 31, 2025, against $7.42M in cash and short-term investments. Its debt-to-equity ratio was 4.01. Total debt was $327.52K a year earlier.

What are Vision Marine Technologies's total assets?

Vision Marine Technologies reported total assets of $69.91M as of Aug 31, 2025, up 726.8% from $8.46M a year earlier. Total liabilities were $61.46M.

What is Vision Marine Technologies's shareholders' equity?

Vision Marine Technologies's shareholders' equity was $8.45M as of Aug 31, 2025, or about $6893.15 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition