VersaBank (VBNK) Key Metrics
VBNK key metrics, FY2016–FY2025
Fiscal year ended October 31, 2025 · Canadian dollarsVBNK returns How much profit the business earns on the capital it uses.
VBNK financial health Debt, liquidity and how easily interest is covered.
VBNK efficiency & capital use Working capital cycle and where the cash goes.
VBNK returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VBNK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VBNK cash returned to shareholders
VBNK key metrics in Canadian dollars
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.1% | 10.2% | 11.6% | 6.6% | 7.6% | 7.8% | 8.7% | 8.4% | 9.9% | 4.7% |
| Return on invested capital (ROIC) | 16.7% | 12.5% | 11.6% | 8.5% | 25.7% | 25.3% | 14.6% | 15.8% | 12.2% | 6.7% |
| Return on assets (ROA) | 0.5% | 0.9% | 1.1% | 0.8% | 1.0% | 1.0% | 1.1% | 1.0% | 1.1% | 0.5% |
| Return on tangible assets | 0.5% | 0.8% | 1.0% | 0.7% | 0.9% | 1.0% | 1.1% | 1.0% | 1.1% | 0.5% |
| Free cash flow margin | 36.2% | 227.6% | 39.7% | −25.1% | −114.4% | 161.7% | 22.1% | −19.6% | 105.6% | −65.9% |
| Income quality (OCF / net income) | 1.56 | 6.86 | 2.25 | −1.44 | −4.84 | 7.19 | 0.98 | −0.82 | 4.00 | −5.49 |
| Financial health | ||||||||||
| Total debt | C$108.5M | C$108.6M | C$110.6M | C$109.4M | C$100.4M | C$16.7M | C$38.2M | C$43.2M | C$43.0M | C$57.7M |
| Cash & short-term investments | C$582.7M | C$226.2M | C$133.2M | C$89.5M | C$272.5M | C$257.6M | C$139.1M | C$129.8M | C$159.9M | C$94.0M |
| Net debt | −C$474.2M | −C$117.6M | −C$22.6M | C$19.9M | −C$172.1M | −C$240.9M | −C$100.9M | −C$86.6M | −C$116.9M | −C$36.3M |
| Debt / equity | 0.20 | 0.27 | 0.29 | 0.31 | 0.30 | 0.07 | 0.16 | 0.19 | 0.21 | 0.31 |
| Debt / assets | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 |
| Net debt / EBITDA | −10.63 | −2.05 | −0.38 | 0.58 | −5.29 | −8.64 | −3.54 | −3.38 | −7.65 | −2.90 |
| Current ratio | 0.13 | 0.06 | 0.04 | 0.04 | 0.15 | 0.16 | 0.10 | 0.09 | 1.80 | 0.08 |
| Quick ratio | 0.13 | 0.06 | 0.09 | 0.08 | 0.29 | 0.32 | 0.19 | 0.18 | 1.80 | 0.08 |
| Interest coverage | 0.2 | 0.3 | 0.4 | 0.6 | 1.0 | 0.8 | 0.8 | 0.9 | 0.5 | 0.4 |
| Working capital | −C$4.25B | −C$3.89B | −C$3.39B | −C$2.56B | −C$1.67B | −C$1.39B | −C$1.35B | −C$1.39B | C$73.7M | −C$1.34B |
| Invested capital | C$58.5M | C$281.6M | C$354.6M | C$370.6M | C$160.0M | C$14.4M | C$139.3M | C$136.9M | C$91.7M | C$149.6M |
| Tangible asset value | C$509.8M | C$374.8M | C$368.6M | C$341.7M | C$322.7M | C$248.5M | C$233.0M | C$216.2M | C$208.5M | C$178.6M |
| Net current asset value | −C$4.66B | −C$4.18B | −C$3.67B | −C$2.81B | −C$1.79B | −C$1.42B | −C$1.39B | −C$1.44B | −C$1.35B | −C$1.41B |
| Capital allocation | ||||||||||
| Dividends paid | C$3.2M | C$3.6M | C$3.6M | C$3.7M | C$3.8M | C$4.3M | C$3.7M | C$3.0M | C$2.2M | C$2.2M |
| Share buybacks (net) | C$9.1M | C$14.6M | C$13.3M | C$1.9M | C$16.8M | C$0 | — | — | — | — |
| Dividend payout ratio | 11.4% | 9.0% | 8.5% | 16.5% | 17.2% | 22.1% | 18.2% | 16.8% | 11.3% | 26.0% |
| Dividends + buybacks / free cash flow | 28.4% | 7.2% | 17.9% | — | — | 3.1% | 18.8% | — | 2.9% | — |
| Capex / revenue | 0.8% | 16.6% | 0.2% | 0.4% | 0.0% | 0.3% | 0.3% | 1.2% | 3.1% | 0.3% |
| Capex / operating cash flow | 2.1% | 6.8% | 0.4% | — | — | 0.2% | 1.2% | — | 2.9% | — |
| Capex / depreciation | 0.31 | 7.05 | 0.20 | 0.30 | 0.01 | 0.21 | 0.34 | 1.59 | 4.06 | 0.32 |
| Stock-based compensation / revenue | 0.1% | 0.3% | 0.4% | 1.1% | 56.6% | 60.5% | 57.9% | 61.5% | 57.6% | 53.2% |
| SG&A / revenue | 65.5% | 46.5% | 19.5% | 34.3% | 33.1% | 29.4% | 27.1% | 29.6% | 35.0% | 33.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 96.1 | 93.2 | 33.0 | 40.4 | 34.0 | 29.6 | 30.1 | 30.8 | 34.6 | 35.8 |
| Days of inventory on hand | — | — | -376.0 | -1,388.5 | -3,360.8 | -2,293.8 | -1,443.8 | -1,598.3 | — | — |
| Days payables outstanding | — | — | 24.4 | 427.1 | 1,306.4 | 1,114.1 | 1,033.5 | 1,134.5 | 1,130.6 | 815.5 |
| Cash conversion cycle (days) | — | — | -367.4 | -1,775.3 | -4,633.2 | -3,378.4 | -2,447.2 | -2,702.0 | -1,096.0 | -779.7 |
| Receivables turnover | 3.80 | 3.91 | 11.06 | 9.04 | 10.73 | 12.34 | 12.14 | 11.84 | 10.54 | 10.19 |
| Payables turnover | — | — | 14.98 | 0.85 | 0.28 | 0.33 | 0.35 | 0.32 | 0.32 | 0.45 |
| Asset turnover | 0.02 | 0.02 | 0.06 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 |
| Average receivables | C$31.6M | C$28.5M | C$21.5M | C$14.7M | C$8.8M | C$7.0M | C$7.3M | C$6.8M | C$6.8M | C$7.0M |
| Average payables | — | — | C$8.7M | C$59.2M | C$103.4M | C$96.5M | C$96.6M | C$92.5M | C$85.7M | C$71.8M |
| Average inventory | — | — | −C$133.8M | −C$192.5M | −C$266.0M | −C$198.7M | −C$134.9M | −C$130.3M | — | — |
| Intangibles / total assets | 0.4% | 0.5% | 0.2% | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.0% | 0.4% |
Computed from VBNK's annual financial statements (latest annual report filed December 10, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
VBNK valuation and financial ratios
VersaBank earned a return on equity of 6.1% and a return on invested capital of 16.7% in fiscal 2025. It ended the year with C$108.5 million of debt and C$582.7 million in cash and short-term investments, a net cash position of C$474.2 million. It returned C$12.4 million to shareholders: C$3.2 million in dividends and C$9.1 million in share buybacks, 28% of free cash flow.
See the VBNK income statement, the VBNK chart for price history, or the VBNK stock overview for the latest quote and news.
VBNK key metrics FAQ
What is VersaBank's return on equity?
VersaBank's return on equity (ROE) was 6.1% in fiscal 2025: net income of C$28.5 million on average shareholders' equity of C$465.9 million.
What is VersaBank's ROIC?
VersaBank's return on invested capital was 16.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does VersaBank have?
VersaBank had total debt of C$108.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.20 and more cash than debt.
Does VersaBank buy back its shares?
Yes. VersaBank spent C$9.1 million on net share repurchases in fiscal 2025.
What is VersaBank's current ratio?
VersaBank's current ratio was 0.13 at the end of fiscal 2025: current assets were 0.13 times current liabilities.