VISKASE HOLDINGS INC Financials
This page shows VISKASE HOLDINGS INC (ENZND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of VISKASE HOLDINGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
VISKASE HOLDINGS INC has elevated debt relative to equity (D/E of -17.96), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 58.57, VISKASE HOLDINGS INC holds $58.57 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
VISKASE HOLDINGS INC passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, VISKASE HOLDINGS INC generates $0.88 in operating cash flow (-$3.0M OCF vs -$3.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
VISKASE HOLDINGS INC reported -$3.4M in net income in fiscal year 2025. This represents a decrease of 538.2% from the prior year.
VISKASE HOLDINGS INC earned $-0.07 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 600.0% from the prior year.
Cash & Balance Sheet
VISKASE HOLDINGS INC held $42.6M in cash against $0 in long-term debt as of fiscal year 2025.
VISKASE HOLDINGS INC had 74M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Capital Allocation
ENZND Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $26K | $0 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | -$1.3M+14.9% | -$1.5M-53.0% | -$1.0M | N/A | -$351K-8.0% | -$325K+0.3% | -$326K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | $16K+138.1% | -$42K-321.1% | $19K | N/A | $49K+1125.0% | $4K+300.0% | $1K |
| Net Income | N/A | -$824K+16.8% | -$990K-88.9% | -$524K | N/A | $254K-8.0% | $276K-13.8% | $320K |
| EPS (Diluted) | N/A | $-0.020.0% | $-0.02-100.0% | $-0.01 | N/A | $0.00 | $0.00 | $0.00 |
ENZND Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $42.8M-2.0% | $43.7M-2.4% | $44.8M-1.6% | $45.5M-3.5% | $47.2M-0.2% | $47.3M+0.6% | $47.0M+0.4% | $46.8M |
| Current Assets | $42.8M-2.0% | $43.7M-2.4% | $44.7M-1.7% | $45.5M-3.5% | $47.2M+0.4% | $47.0M+0.7% | $46.6M+0.4% | $46.5M |
| Cash & Equivalents | $42.6M-1.6% | $43.3M-2.3% | $44.3M-1.5% | $45.0M-4.0% | $46.9M+0.5% | $46.6M+0.9% | $46.2M+0.5% | $46.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $45.3M+1.6% | $44.6M+0.6% | $44.3M+1.8% | $43.6M-1.3% | $44.2M-0.8% | $44.5M+1.3% | $44.0M+1.0% | $43.5M |
| Current Liabilities | $731K+35.4% | $540K-32.8% | $803K+44.9% | $554K-67.0% | $1.7M+283.1% | $438K+6.8% | $410K-21.3% | $521K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.5M-173.6% | -$923K-313.7% | $432K-77.9% | $2.0M-35.1% | $3.0M+8.9% | $2.8M-9.1% | $3.0M-7.7% | $3.3M |
| Retained Earnings | -$73.3M-1.5% | -$72.2M-1.2% | -$71.4M-1.4% | -$70.4M-0.7% | -$69.9M-0.1% | -$69.8M+0.4% | -$70.1M+0.4% | -$70.3M |
ENZND Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$682K+34.3% | -$1.0M-54.5% | -$672K-8.7% | -$618K-373.5% | $226K-44.1% | $404K+67.6% | $241K-4.0% | $251K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $0 | $0 | $0+100.0% | -$1.3M | $0 | $0 | $0+100.0% | -$1.3M |
| Dividends Paid | $0 | $0 | $0-100.0% | $1.3M | $0 | $0 | $0-100.0% | $1.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ENZND Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -1250.0% | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | 1061.5% | N/A |
| Return on Equity | N/A | N/A | -229.2%-202.3pp | -26.8% | N/A | 9.2%+0.1pp | 9.1%-0.6pp | 9.7% |
| Return on Assets | N/A | -1.9%+0.3pp | -2.2%-1.1pp | -1.1% | N/A | 0.5%-0.0pp | 0.6%-0.1pp | 0.7% |
| Current Ratio | 58.57-22.3 | 80.86+25.2 | 55.71-26.5 | 82.17+54.1 | 28.10-79.1 | 107.24-6.5 | 113.75+24.6 | 89.19 |
| Debt-to-Equity | -17.96+30.4 | -48.34-151.0 | 102.66+80.3 | 22.31+7.6 | 14.68-1.4 | 16.12+1.7 | 14.46+1.2 | 13.22 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
Is VISKASE HOLDINGS INC profitable?
No, VISKASE HOLDINGS INC (ENZND) reported a net income of -$3.4M in fiscal year 2025.
What is VISKASE HOLDINGS INC's operating cash flow?
VISKASE HOLDINGS INC (ENZND) generated -$3.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are VISKASE HOLDINGS INC's total assets?
VISKASE HOLDINGS INC (ENZND) had $42.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is VISKASE HOLDINGS INC's current ratio?
VISKASE HOLDINGS INC (ENZND) had a current ratio of 58.57 as of fiscal year 2025, which is generally considered healthy.
What is VISKASE HOLDINGS INC's debt-to-equity ratio?
VISKASE HOLDINGS INC (ENZND) had a debt-to-equity ratio of -17.96 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is VISKASE HOLDINGS INC's return on assets (ROA)?
VISKASE HOLDINGS INC (ENZND) had a return on assets of -8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is VISKASE HOLDINGS INC's cash runway?
Based on fiscal year 2025 data, VISKASE HOLDINGS INC (ENZND) had $42.6M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 170 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is VISKASE HOLDINGS INC's debt-to-equity ratio negative or unusual?
VISKASE HOLDINGS INC (ENZND) has negative shareholder equity of -$2.5M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is VISKASE HOLDINGS INC's Piotroski F-Score?
VISKASE HOLDINGS INC (ENZND) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are VISKASE HOLDINGS INC's earnings high quality?
VISKASE HOLDINGS INC (ENZND) has an earnings quality ratio of 0.88x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is VISKASE HOLDINGS INC?
VISKASE HOLDINGS INC (ENZND) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.