LeMaitre Vascular Inc (LMAT)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents US$ in thousands 24,269 19,134 13,855 26,764 11,786
Short-term investments US$ in thousands 80,805 63,557 56,104 214 20,894
Total current liabilities US$ in thousands 29,879 25,329 21,813 25,145 20,851
Cash ratio 3.52 3.26 3.21 1.07 1.57

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($24,269K + $80,805K) ÷ $29,879K
= 3.52

The cash ratio of Lemaitre Vascular Inc has shown a generally positive trend over the past five years. The ratio has consistently increased from 1.96 in 2019 to 3.73 in 2022 and 2023, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents has improved significantly.

A cash ratio of 3.73 in 2023 means that for every dollar of current liabilities, Lemaitre Vascular Inc holds $3.73 in cash and cash equivalents, reflecting a strong liquidity position. This suggests that the company has a sufficient amount of liquid assets to comfortably meet its short-term obligations without relying heavily on other sources of funding.

The increasing trend in the cash ratio over the years indicates that Lemaitre Vascular Inc has been effectively managing its cash resources, potentially through effective cash flow management, prudent investment decisions, or efficient working capital management.

Overall, the consistent improvement in the cash ratio demonstrates Lemaitre Vascular Inc's strengthening liquidity position and ability to weather potential financial challenges in the short term.


Peer comparison

Dec 31, 2023