MarketCap
Facebook
X
Telegram
Vapotherm Balance Sheet 2023-2011 | VAPO
Brief overview of Vapotherm's balance sheet strength
The review uses the five latest available annual reports between 2019 and 2023.
Assets finished at $77.6 million versus $111.9 million initially, losing -30.6%. The balance sheet contracted.
Asset growth of -30.6% came with a +128.6% rise in liabilities. Financial leverage became more prominent.
The period ended with negative equity, a structure associated with elevated financial vulnerability.
The balance sheet holds more cash than interest-bearing debt; net debt is -$4.4 million, indicating minimal leverage.
The cash reserve occupies 12.5% of the balance sheet, previously 64%. It is one marker of short-term resilience.
The balance sheet includes a negative accumulated result of -$548.2 million. It should be assessed alongside historical profits and capital distributions.
Balance sheet takeaway
Vapotherm has limited balance sheet resilience and depends heavily on cash generation and refinancing capacity.
Annual Balance Sheet Vapotherm
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
-4.39 M | -7.54 M | -50 M | -105 M | -29.9 M | -26.9 M | -4.56 M | 6.11 M | - | - | - | - | - |
Long Term Debt |
2.92 M | 5.88 M | 5.36 M | 6.78 M | 41.8 M | 31.3 M | 18.9 M | 9.46 M | - | - | - | - | - |
Long Term Debt Current |
2.41 M | 2.31 M | 1.75 M | 1.57 M | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | 15.2 M | 42 M | 31.6 M | 172 M | 118 M | - | - | - | - | - |
Total Current Liabilities |
19.1 M | 19.6 M | 43.2 M | 42 M | 16.2 M | 14 M | - | - | - | - | - | - | - |
Total Liabilities |
133 M | 124 M | 93.4 M | 102 M | 58.2 M | 45.7 M | 187 M | 127 M | - | - | - | - | - |
Deferred Revenue |
1.04 M | 1.02 M | 1.71 M | 2.52 M | 344 K | 251 K | 64 K | 63 K | - | - | - | - | - |
Retained Earnings |
-548 M | -490 M | -377 M | -317 M | -265 M | -214 M | -172 M | -141 M | - | - | - | - | - |
Total Assets |
77.6 M | 96.2 M | 160 M | 216 M | 112 M | 97.2 M | 60.2 M | 30.9 M | - | - | - | - | - |
Cash and Cash Equivalents |
9.72 M | 15.7 M | 57.1 M | 114 M | 71.7 M | 58.2 M | - | - | - | - | - | - | - |
Book Value |
-55.3 M | -28.2 M | 66.7 M | 114 M | 53.7 M | 51.6 M | -127 M | -96.3 M | - | - | - | - | - |
Total Shareholders Equity |
-55.3 M | -28.2 M | 66.7 M | 114 M | 53.7 M | 51.6 M | - | - | - | - | - | - | - |
All numbers in USD currency
Quarterly Balance Sheet Vapotherm
| 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
2.28 M | 114 M | 2.92 M | - | - | - | - | 6.02 M | 5.24 M | - | 5.36 M | - | - | - | 6.78 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
149 M | 140 M | 133 M | 128 M | 125 M | 123 M | 124 M | 124 M | 121 M | 127 M | 93.4 M | 88.6 M | 80.7 M | 84 M | 102 M | 73 M | 69.9 M | 63.4 M | 58.2 M | 55.6 M | 54.8 M | 54.3 M | 45.7 M | 45.7 M | 45.7 M | 45.7 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
1.08 M | 1.15 M | 1.04 M | 1.12 M | 1.18 M | 1.06 M | 1.02 M | 1.1 M | 1.12 M | 1.27 M | 1.71 M | 1.79 M | 1.24 M | 959 K | 2.52 M | 521 K | 1.07 M | 442 K | 344 K | 344 K | 344 K | 344 K | 251 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-577 M | -563 M | -548 M | -538 M | -523 M | -508 M | -490 M | -469 M | -442 M | -400 M | -377 M | -358 M | -345 M | -327 M | -317 M | -300 M | -287 M | -279 M | -265 M | -253 M | -240 M | -227 M | -214 M | -214 M | -214 M | -214 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Assets |
67.9 M | 71.9 M | 77.6 M | 80.6 M | 90.1 M | 101 M | 96.2 M | 113 M | 135 M | 181 M | 160 M | 171 M | 174 M | 191 M | 216 M | 202 M | 209 M | 105 M | 112 M | 121 M | 84.2 M | 95.3 M | 97.2 M | 97.2 M | 97.2 M | 97.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash and Cash Equivalents |
2.9 M | 3.3 M | 9.72 M | 14.4 M | 18 M | 25.7 M | 15.7 M | 28.7 M | 49.9 M | 72.9 M | 57.1 M | 70.3 M | 81.5 M | 93.8 M | 114 M | 139 M | 148 M | 60.4 M | 71.7 M | 83.5 M | 46.1 M | 56.7 M | 58.2 M | 58.2 M | 58.2 M | 58.2 M | 26.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Book Value |
-81.3 M | -68.5 M | -55.3 M | -47.5 M | -34.5 M | -22.4 M | -28.2 M | -10.9 M | 13.7 M | 53.9 M | 66.7 M | 82.2 M | 93.2 M | 107 M | 114 M | 129 M | 139 M | 41.4 M | 53.7 M | 65.1 M | 29.3 M | 41 M | 51.6 M | 51.6 M | 51.6 M | 51.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Shareholders Equity |
-81.3 M | -68.5 M | -55.3 M | -47.5 M | -34.5 M | -22.4 M | -28.2 M | -10.9 M | 13.7 M | 53.9 M | 66.7 M | 82.2 M | 93.2 M | 107 M | 114 M | 129 M | 139 M | 41.4 M | 53.7 M | 65.1 M | 29.3 M | 41 M | 51.6 M | 51.6 M | 51.6 M | 51.6 M | -127 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Vapotherm, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
USA
France
China
Israel
Britain
Canada
