Viemed Healthcare, Inc. (VMD) Balance Sheet
VMD balance sheet, 2025
December 31, 2025 · U.S. dollars$214.9M assets = $71.4M liabilities + $143.5M equity
Both columns are drawn to the same scale: what VMD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VMD financial health
Descriptive bands, not a rating. Fiscal 2025.
VMD balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $24.7M2016 | $214.9M2025 | +27.2%/yr | |
| Total liabilities | $11.8M2016 | $71.4M2025 | +22.1%/yr | |
| Shareholders’ equity | $12.9M2016 | $141.5M2025 | +30.5%/yr | |
| Cash & short-term investments | $4.3M2016 | $13.5M2025 | +13.4%/yr | |
| Total debt | $6.5M2016 | $15.9M2025 | +10.5%/yr | |
| Net cash (debt) | −$2.2M2016 | −$2.4M2025 | −$296,000 | |
| Working capital | $2.0M2016 | $7.4M2025 | +$5.4M | |
| Book value per share | $0.342016 | $3.472025 | +29.4%/yr | |
| Current ratio | 1.222016 | 1.182025 | −0.04 | |
| Debt / equity | 0.502016 | 0.112025 | −0.39 | |
| Shares outstanding | 37.9M2016 | 40.8M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VMD assets
VMD liabilities and equity
VMD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VMD balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $13.5M | $17.5M | $12.8M | $16.9M | $28.4M | $31.0M | $13.4M | $10.4M | $5.1M | $4.3M |
| Cash & equivalents | $13.5M | $17.5M | $12.8M | $16.9M | $28.4M | $31.0M | $13.4M | $10.4M | $5.1M | $4.3M |
| Short-term investments | — | — | — | −$2.0M | — | $733,000 | — | $0 | $0 | $0 |
| Receivables | $25.6M | $24.9M | $18.5M | $15.4M | $14.7M | $12.4M | $11.5M | $8.8M | $9.8M | $4.8M |
| Inventory | $5.0M | $4.3M | $4.6M | $3.6M | $2.5M | $2.3M | $1.4M | $2.9M | $1.6M | $1.6M |
| Other current assets | $4.4M | $6.1M | $2.4M | $3.8M | $1.7M | $1.5M | $1.6M | $952,000 | $489,000 | $426,000 |
| Total current assets | $48.5M | $52.9M | $38.4M | $39.7M | $47.3M | $47.2M | $27.8M | $23.1M | $17.0M | $11.2M |
| Property, plant & equipment (net) | $82.4M | $79.2M | $76.9M | $68.4M | $62.8M | $55.1M | $54.8M | $30.6M | $20.7M | $13.5M |
| Goodwill & intangible assets | $60.2M | $33.8M | $30.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $2.8M | $2.8M | $3.9M | $2.2M | $2.2M | $733,000 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21.1M | $8.4M | $5.4M | $6.7M | $5.6M | $9.6M | $13,000 | $0 | $0 | $0 |
| Total assets | $214.9M | $177.1M | $154.9M | $117.0M | $118.0M | $112.6M | $82.6M | $53.5M | $37.7M | $24.7M |
| Liabilities | ||||||||||
| Accounts payable | $12.3M | $9.3M | $7.4M | $4.9M | $5.2M | $3.3M | $5.7M | $5.9M | $3.4M | $1.9M |
| Short-term debt | $2.3M | $1.3M | $2.0M | $495,000 | $1.9M | $4.6M | $8.8M | −$2.3M | $4.4M | $3.9M |
| Deferred revenue | $7.5M | $6.7M | $6.2M | $4.6M | $3.8M | $3.4M | $3.3M | $2.6M | $5.2M | $3.0M |
| Total current liabilities | $41.1M | $37.3M | $32.1M | $18.9M | $17.8M | $23.0M | $25.9M | $19.6M | $13.1M | $9.2M |
| Long-term debt | $11.3M | $3.6M | $6.0M | $0 | $4.3M | $5.8M | $10.7M | $394,000 | $798,000 | $2.6M |
| Lease obligations | $3.6M | $2.9M | $3.2M | $694,000 | $732,000 | $3.5M | $10.1M | $3.4M | $5.2M | $6.0M |
| Other long-term liabilities | $19.1M | $2.9M | $2.9M | $1.1M | $1.0M | $2.1M | $2.3M | $1.1M | $0 | $0 |
| Total liabilities | $71.4M | $43.8M | $41.0M | $19.9M | $23.1M | $30.9M | $38.9M | $21.1M | $13.9M | $11.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $16.9M | $23.4M | $18.7M | $15.1M | $14.0M | $9.2M | $3.4M | $71,000 | $67,000 | $67,000 |
| Retained earnings (deficit) | $102.9M | $89.7M | $79.5M | $69.8M | $73.3M | $65.6M | $34.1M | $29.6M | $21.0M | $12.8M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | — | −$278,000 | −$278,000 | −$451,000 | −$157,000 | −$8.8M | −$5.7M | −$3.5M |
| Minority interest | $2.0M | $1.9M | $0 | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $141.5M | $131.4M | $113.9M | $97.1M | $94.8M | $81.7M | $43.7M | $35.0M | $23.7M | $12.9M |
| Key figures | ||||||||||
| Total debt | $15.9M | $6.9M | $10.3M | $694,000 | $6.5M | $11.1M | $19.5M | $3.4M | $5.2M | $6.5M |
| Net cash (debt) | −$2.4M | $10.7M | $2.5M | $16.2M | $21.9M | $19.8M | −$6.2M | $7.0M | −$81,000 | −$2.2M |
| Working capital | $7.4M | $15.6M | $6.2M | $20.9M | $29.5M | $24.2M | $1.9M | $3.5M | $3.9M | $2.0M |
| Tangible book value | $81.3M | $97.6M | $83.6M | $97.1M | $94.8M | $81.7M | $43.7M | $35.0M | $23.7M | $12.9M |
| Book value per share | $3.47 | $3.22 | $2.82 | $2.44 | $2.33 | $2.02 | $1.10 | $0.88 | $0.63 | $0.34 |
| Shares outstanding | 40.8M | 40.8M | 40.4M | 39.8M | 40.7M | 40.5M | 39.7M | 39.7M | 38.0M | 37.9M |
| Current ratio | 1.18 | 1.42 | 1.19 | 2.11 | 2.66 | 2.05 | 1.07 | 1.18 | 1.29 | 1.22 |
| Quick ratio | 0.95 | 1.14 | 0.97 | 1.71 | 2.42 | 1.88 | 0.96 | 0.98 | 1.13 | 1.00 |
| Debt / equity | 0.11 | 0.05 | 0.09 | 0.01 | 0.07 | 0.14 | 0.45 | 0.10 | 0.22 | 0.50 |
| Equity / assets | 65.9% | 74.2% | 73.5% | 83.0% | 80.4% | 72.6% | 52.9% | 65.5% | 63.0% | 52.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $10.7M | $9.8M | $13.5M | $11.1M | $20.0M | $10.2M | $17.5M | $11.3M | $8.8M | $7.3M | $12.8M | $10.1M |
| Cash & equivalents | $10.7M | $9.8M | $13.5M | $11.1M | $20.0M | $10.2M | $17.5M | $11.3M | $8.8M | $7.3M | $12.8M | $10.1M |
| Short-term investments | — | — | — | — | — | — | — | −$875,000 | — | −$2.3M | — | −$2.2M |
| Receivables | $32.2M | $31.2M | $25.6M | $29.3M | $26.5M | $26.8M | $24.9M | $27.1M | $27.5M | $24.5M | $18.5M | $17.9M |
| Inventory | $5.3M | $5.2M | $5.0M | $5.3M | $4.3M | $4.5M | $4.3M | $4.3M | $4.4M | $4.3M | $4.6M | $4.7M |
| Other current assets | $5.8M | $3.7M | $4.4M | $4.3M | $4.4M | $7.7M | $6.1M | $5.0M | $4.2M | $2.5M | $2.4M | $3.2M |
| Total current assets | $54.0M | $49.8M | $48.5M | $50.0M | $55.3M | $49.1M | $52.9M | $47.7M | $45.0M | $38.6M | $38.4M | $35.9M |
| Property, plant & equipment (net) | $81.7M | $79.3M | $82.4M | $84.1M | $82.4M | $84.0M | $79.2M | $77.2M | $77.7M | $76.5M | $76.9M | $74.4M |
| Goodwill & intangible assets | $60.1M | $60.2M | $60.2M | $59.8M | $33.8M | $33.8M | $33.8M | $33.9M | $33.9M | $30.3M | $30.3M | $30.4M |
| Long-term investments | $3.2M | $2.8M | $2.8M | $2.8M | $2.8M | $2.8M | $2.8M | $2.7M | $2.8M | $4.0M | $3.9M | $3.9M |
| Other non-current assets | $5.3M | $5.3M | $21.1M | $5.7M | $10.4M | $8.4M | $8.4M | $8.1M | $4.6M | $5.4M | $5.4M | $4.8M |
| Total assets | $204.2M | $197.4M | $214.9M | $202.4M | $184.6M | $178.1M | $177.1M | $169.5M | $163.9M | $154.9M | $154.9M | $149.4M |
| Liabilities | ||||||||||||
| Accounts payable | $11.0M | $13.4M | $12.3M | $14.4M | $12.6M | $12.6M | $9.3M | $10.1M | $10.2M | $2.6M | $7.4M | $9.3M |
| Short-term debt | $2.1M | $2.1M | $2.3M | $2.7M | $1.7M | $1.3M | $1.3M | $1.6M | $1.6M | $1.5M | $2.0M | $2.4M |
| Deferred revenue | $8.0M | $7.5M | $7.5M | $7.8M | $7.2M | $6.8M | $6.7M | $6.8M | $6.7M | $6.1M | $6.2M | $6.2M |
| Total current liabilities | $47.9M | $40.7M | $41.1M | $44.2M | $37.3M | $35.5M | $37.3M | $36.4M | $31.5M | $30.1M | $32.1M | $31.6M |
| Long-term debt | $6.4M | $8.3M | $11.3M | $19.6M | $3.5M | $3.5M | $3.6M | $3.6M | $8.7M | $5.9M | $6.0M | $8.1M |
| Lease obligations | $4.5M | $3.2M | $3.6M | $3.6M | $2.6M | $2.8M | $2.9M | $2.8M | $3.0M | $3.0M | $3.2M | $970,000 |
| Other long-term liabilities | $4.0M | $2.5M | $19.1M | $3.1M | $2.2M | $2.3M | $2.9M | $2.6M | $2.6M | $2.6M | $2.9M | $938,000 |
| Total liabilities | $58.3M | $51.6M | $71.4M | $66.9M | $43.0M | $41.3M | $43.8M | $42.7M | $42.8M | $38.6M | $41.0M | $40.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18.0M | $20.8M | $16.9M | $16.9M | $27.8M | $28.2M | $23.4M | $22.7M | $21.9M | $21.8M | $18.7M | $18.6M |
| Retained earnings (deficit) | $108.2M | $105.5M | $102.9M | $97.3M | $93.8M | $90.7M | $89.7M | $85.4M | $81.6M | $80.1M | $79.5M | $76.0M |
| Minority interest | $1.9M | $1.9M | $2.0M | $1.9M | $1.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $144.0M | $143.9M | $141.5M | $133.6M | $139.7M | $134.8M | $131.4M | $125.0M | $119.4M | $116.3M | $113.9M | $108.8M |
| Key figures | ||||||||||||
| Total debt | $11.6M | $12.4M | $15.9M | $24.7M | $6.9M | $6.8M | $6.9M | $7.3M | $12.5M | $9.5M | $10.3M | $10.9M |
| Net cash (debt) | −$920,000 | −$2.7M | −$2.4M | −$13.6M | $13.1M | $3.4M | $10.7M | $4.1M | −$3.7M | −$2.2M | $2.5M | −$821,000 |
| Working capital | $6.1M | $9.1M | $7.4M | $5.8M | $18.0M | $13.6M | $15.6M | $11.3M | $13.5M | $8.5M | $6.2M | $4.3M |
| Tangible book value | $83.9M | $83.7M | $81.3M | $73.8M | $106.0M | $101.0M | $97.6M | $91.1M | $85.5M | $86.0M | $83.6M | $78.4M |
| Book value per share | $3.50 | $3.55 | $3.52 | $3.30 | $3.40 | $3.24 | $3.16 | $3.06 | $2.94 | $2.87 | $2.82 | $2.69 |
| Shares outstanding | 41.1M | 40.5M | 40.2M | 40.5M | 41.1M | 41.6M | 41.5M | 40.8M | 40.6M | 40.6M | 40.4M | 40.4M |
| Current ratio | 1.13 | 1.22 | 1.18 | 1.13 | 1.48 | 1.38 | 1.42 | 1.31 | 1.43 | 1.28 | 1.19 | 1.14 |
| Quick ratio | 0.90 | 1.01 | 0.95 | 0.92 | 1.25 | 1.04 | 1.14 | 1.05 | 1.15 | 1.06 | 0.97 | 0.89 |
| Debt / equity | 0.08 | 0.09 | 0.11 | 0.18 | 0.05 | 0.05 | 0.05 | 0.06 | 0.10 | 0.08 | 0.09 | 0.10 |
| Equity / assets | 70.5% | 72.9% | 65.9% | 66.0% | 75.7% | 75.7% | 74.2% | 73.7% | 72.8% | 75.1% | 73.5% | 72.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
VMD financial position
At the end of fiscal 2025 (December 31, 2025), Viemed Healthcare had total assets of $214.9 million (up 21.4% from a year earlier), total liabilities of $71.4 million and shareholders' equity of $141.5 million. It held $13.5 million in cash and short-term investments against $15.9 million of debt, net debt of $2.4 million. Its current ratio was 1.18. In the latest quarter (ended June 30, 2026) total assets were $204.2 million and equity $144.0 million.
Related: VMD income statement, VMD cash flow statement, VMD key metrics. See the VMD stock overview for the latest quote and news.
VMD balance sheet FAQ
What are Viemed Healthcare's total assets?
Viemed Healthcare reported total assets of $214.9 million at the end of fiscal 2025 (December 31, 2025), compared with $177.1 million a year earlier.
How much debt does Viemed Healthcare have?
Viemed Healthcare had $15.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.11.
How much cash does Viemed Healthcare have?
Viemed Healthcare held $13.5 million in cash and short-term investments at the end of fiscal 2025; with $15.9 million of debt that is net debt of $2.4 million.
What is Viemed Healthcare's book value?
Viemed Healthcare's shareholders' equity (book value) was $141.5 million at the end of fiscal 2025, or $3.47 per share.
What is Viemed Healthcare's current ratio?
Viemed Healthcare had current assets of $48.5 million and current liabilities of $41.1 million, a current ratio of 1.18 (it can cover its short-term obligations).
How much goodwill does Viemed Healthcare have?
Viemed Healthcare carried $60.2 million of goodwill and intangible assets, 28.0% of total assets, at the end of fiscal 2025.