Vaxxinity, Inc. (VAXX) Balance Sheet
VAXX balance sheet, 2023
December 31, 2023 · U.S. dollars$44.3M assets = $30.9M liabilities + $13.4M equity
Both columns are drawn to the same scale: what VAXX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VAXX financial health
Descriptive bands, not a rating. Fiscal 2023.
VAXX balance sheet trends, 2019–2023
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.6M2019 | $44.3M2023 | +129.6%/yr | |
| Total liabilities | $50.1M2019 | $30.9M2023 | −11.4%/yr | |
| Shareholders’ equity | −$48.5M2019 | $13.4M2023 | — | |
| Cash & short-term investments | $476,0002019 | $30.4M2023 | +182.7%/yr | |
| Total debt | $14.3M2019 | $15.2M2023 | +1.4%/yr | |
| Net cash (debt) | −$13.9M2019 | $15.2M2023 | +$29.1M | |
| Working capital | −$18.4M2019 | $15.6M2023 | +$34.1M | |
| Book value per share | −$0.392019 | $0.112023 | — | |
| Current ratio | 0.072019 | 1.892023 | +1.82 | |
| Debt / equity | 0.082021 | 1.132023 | +1.05 | |
| Shares outstanding | 125.5M2019 | 126.5M2023 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VAXX assets
VAXX liabilities and equity
VAXX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VAXX balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $30.4M | $86.8M | $144.9M | $31.1M | $476,000 |
| Cash & equivalents | $4.9M | $33.5M | $144.9M | $31.1M | $476,000 |
| Short-term investments | $25.5M | $53.4M | $869,000 | $10,000 | — |
| Receivables | $414,000 | $414,000 | $393,000 | $387,000 | $303,000 |
| Inventory | $0 | $6.1M | $8.5M | $3.3M | $0 |
| Other current assets | $2.4M | $522,000 | $341,000 | $832,000 | $656,000 |
| Total current assets | $33.2M | $93.9M | $154.1M | $35.7M | $1.4M |
| Property, plant & equipment (net) | $11.1M | $12.5M | $12.4M | $12.2M | $160,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $172,000 | $2.3M | $0 |
| Total assets | $44.3M | $106.4M | $166.7M | $50.1M | $1.6M |
| Liabilities | |||||
| Accounts payable | $1.8M | $5.3M | $3.2M | $9.0M | $1.3M |
| Short-term debt | $1.9M | $1.5M | $376,000 | $27.6M | $13.2M |
| Total current liabilities | $17.6M | $30.9M | $27.5M | $37.2M | $19.9M |
| Long-term debt | $13.3M | $9.9M | $10.3M | $10.7M | $1.1M |
| Lease obligations | — | — | — | $13,000 | $25,000 |
| Other long-term liabilities | $35,000 | $3.3M | $237,000 | $89.6M | $29.1M |
| Total liabilities | $30.9M | $44.2M | $38.1M | $137.5M | $50.1M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $278,000 | $278,000 | $278,000 | $272,000 | $270,000 |
| Retained earnings (deficit) | −$361.6M | −$304.7M | −$229.5M | −$92.3M | −$52.3M |
| Accumulated other comprehensive income | $8,000 | −$197,000 | — | −$62.5M | −$26.8M |
| Total shareholders' equity | $13.4M | $62.2M | $128.6M | −$87.4M | −$48.5M |
| Key figures | |||||
| Total debt | $15.2M | $14.5M | $10.7M | $38.3M | $14.3M |
| Net cash (debt) | $15.2M | $72.3M | $134.2M | −$7.2M | −$13.9M |
| Working capital | $15.6M | $62.9M | $126.6M | −$1.6M | −$18.4M |
| Tangible book value | $13.4M | $62.2M | $128.6M | −$87.4M | −$48.5M |
| Book value per share | $0.11 | $0.49 | $1.03 | −$0.70 | −$0.39 |
| Shares outstanding | 126.5M | 125.9M | 125.4M | 125.5M | 125.5M |
| Current ratio | 1.89 | 3.03 | 5.61 | 0.96 | 0.07 |
| Quick ratio | 1.75 | 2.82 | 5.28 | 0.85 | 0.04 |
| Debt / equity | 1.13 | 0.23 | 0.08 | — | — |
| Equity / assets | 30.3% | 58.4% | 77.2% | −174.3% | −3,041.5% |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $30.4M | $30.4M | $42.5M | $55.8M | $67.6M | $86.8M | $99.1M | $109.1M | $124.8M | $144.9M | $89.4M | $110.8M |
| Cash & equivalents | $4.9M | $4.9M | $17.4M | $37.1M | $22.6M | $33.5M | $18.9M | $109.1M | $124.8M | $144.9M | $89.4M | $110.8M |
| Short-term investments | $25.5M | $25.5M | $25.1M | $18.8M | $45.0M | $53.4M | $80.2M | — | $3,468 | $869 | — | — |
| Receivables | $414,000 | $414,000 | $407,000 | $407,000 | $518,000 | $414,000 | $400,000 | $400,000 | $399,000 | $393,000 | $380,000 | $372,000 |
| Inventory | $0 | $0 | $206,000 | $2.7M | $4.7M | $6.1M | $1,754 | $12.2M | $7.8M | $8.5M | $1,000 | $0 |
| Other current assets | $2.4M | $2.4M | $3.2M | $703,000 | $625,000 | $522,000 | $8.6M | $360,000 | $349,000 | $341,000 | $14.3M | $16.2M |
| Total current assets | $33.2M | $33.2M | $46.4M | $59.7M | $73.4M | $93.9M | $108.1M | $122.0M | $133.3M | $154.1M | $104.1M | $127.5M |
| Property, plant & equipment (net) | $11.1M | $11.1M | $11.1M | $11.7M | $12.1M | $12.5M | $12.8M | $12.9M | $12.8M | $12.4M | $11.4M | $11.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.2M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $2.1M | $2.1M | $1.4M | $172,000 | $6.3M | $2.8M |
| Total assets | $44.3M | $44.3M | $57.5M | $71.4M | $85.5M | $106.4M | $123.0M | $137.0M | $147.5M | $166.7M | $134.9M | $141.9M |
| Liabilities | ||||||||||||
| Accounts payable | $1.8M | $1.8M | $3.0M | $1.9M | $3.0M | $5.3M | $3.3M | $338,000 | $1.5M | $3.2M | $3.9M | $5.9M |
| Short-term debt | $1.9M | $1.9M | $1.3M | $1.4M | $1.3M | $1.5M | $387,000 | $384,000 | $380,000 | $376,000 | $425,000 | $787,000 |
| Deferred revenue | — | — | — | $20.5M | — | — | $28.7M | — | — | — | — | — |
| Total current liabilities | $17.6M | $17.6M | $21.6M | $23.8M | $26.5M | $30.9M | $32.4M | $29.3M | $24.4M | $27.5M | $30.7M | $22.0M |
| Long-term debt | $0 | $13.3M | $12.0M | $12.3M | $12.7M | $9.9M | $10.0M | $10.1M | $10.2M | $10.3M | $10.4M | $10.5M |
| Other long-term liabilities | $13.3M | $35,000 | $236,000 | $236,000 | $238,000 | $3.3M | $236,000 | $236,000 | $236,000 | $237,000 | $251.2M | $251.3M |
| Total liabilities | $30.9M | $30.9M | $33.8M | $36.4M | $39.4M | $44.2M | $42.7M | $39.7M | $34.9M | $38.1M | $292.3M | $283.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $278,000 | $278,000 | $279,000 | $279,000 | $279,000 | $278,000 | $278,000 | $278,000 | $278,000 | $278,000 | $255,000 | $255,000 |
| Retained earnings (deficit) | −$361.6M | −$361.6M | −$350.2M | −$337.1M | −$323.1M | −$304.7M | −$284.2M | −$265.0M | −$247.7M | −$229.5M | −$181.3M | −$150.9M |
| Accumulated other comprehensive income | $8,000 | $8,000 | −$7,000 | −$18,000 | −$49,000 | −$197,000 | −$215,000 | — | $0 | — | −$251.0M | −$251.0M |
| Total shareholders' equity | $13.4M | $13.4M | $23.7M | $35.0M | $46.1M | $62.2M | $80.3M | $97.3M | $112.7M | $128.6M | −$157.4M | −$141.8M |
| Key figures | ||||||||||||
| Total debt | $15.2M | $15.2M | $13.3M | $13.7M | $14.0M | $14.5M | $10.4M | $10.5M | $10.6M | $10.7M | $10.8M | $11.2M |
| Net cash (debt) | $15.2M | $15.2M | $29.2M | $42.1M | $53.6M | $72.3M | $88.7M | $98.6M | $114.2M | $134.2M | $78.6M | $99.6M |
| Working capital | $15.6M | $15.6M | $24.8M | $35.9M | $47.0M | $62.9M | $75.7M | $92.7M | $108.9M | $126.6M | $73.4M | $105.5M |
| Tangible book value | $13.4M | $13.4M | $23.7M | $35.0M | $46.1M | $62.2M | $80.3M | $97.3M | $112.7M | $128.6M | −$170.6M | −$141.8M |
| Book value per share | $0.11 | $0.11 | $0.19 | $0.28 | $0.37 | $0.49 | $0.64 | $0.77 | $0.90 | $1.03 | −$1.25 | −$1.14 |
| Shares outstanding | 127.2M | 127.2M | 126.7M | 126.5M | 126.1M | 126.1M | 126.0M | 125.9M | 125.7M | 125.4M | 125.5M | 124.8M |
| Current ratio | 1.89 | 1.89 | 2.15 | 2.51 | 2.77 | 3.03 | 3.33 | 4.17 | 5.46 | 5.61 | 3.39 | 5.80 |
| Quick ratio | 1.75 | 1.75 | 1.99 | 2.37 | 2.57 | 2.82 | 3.07 | 3.74 | 5.13 | 5.28 | 2.93 | 5.06 |
| Debt / equity | 1.13 | 1.13 | 0.56 | 0.39 | 0.30 | 0.23 | 0.13 | 0.11 | 0.09 | 0.08 | — | — |
| Equity / assets | 30.3% | 30.3% | 41.2% | 49.1% | 53.9% | 58.4% | 65.3% | 71.1% | 76.4% | 77.2% | −116.6% | −99.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2024); data from EODHD.
VAXX financial position
At the end of fiscal 2023 (December 31, 2023), Vaxxinity had total assets of $44.3 million (down 58.4% from a year earlier), total liabilities of $30.9 million and shareholders' equity of $13.4 million. It held $30.4 million in cash and short-term investments against $15.2 million of debt, a net cash position of $15.2 million. Its current ratio was 1.89. In the latest quarter (ended March 31, 2024) total assets were $44.3 million and equity $13.4 million.
Related: VAXX income statement, VAXX cash flow statement, VAXX key metrics. See the VAXX stock overview for the latest quote and news.
VAXX balance sheet FAQ
What are Vaxxinity's total assets?
Vaxxinity reported total assets of $44.3 million at the end of fiscal 2023 (December 31, 2023), compared with $106.4 million a year earlier.
How much debt does Vaxxinity have?
Vaxxinity had $15.2 million of total debt at the end of fiscal 2023, including short-term borrowings. Its debt-to-equity ratio was 1.13.
How much cash does Vaxxinity have?
Vaxxinity held $30.4 million in cash and short-term investments at the end of fiscal 2023; with $15.2 million of debt that is net cash of $15.2 million.
What is Vaxxinity's book value?
Vaxxinity's shareholders' equity (book value) was $13.4 million at the end of fiscal 2023, or $0.11 per share.
What is Vaxxinity's current ratio?
Vaxxinity had current assets of $33.2 million and current liabilities of $17.6 million, a current ratio of 1.89 (it can cover its short-term obligations).