LeMaitre Vascular Inc (LMAT)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 25,610 | 21,001 | 22,268 | 26,595 | 24,269 | 18,051 | 19,488 | 16,677 | 19,134 | 16,913 | 20,788 | 15,560 | 13,855 | 17,369 | 21,541 | 23,525 | 26,764 | 29,279 | 19,976 | 10,944 |
| Short-term investments | US$ in thousands | 274,112 | 102,888 | 90,831 | 81,693 | 80,805 | 78,967 | 70,689 | 64,328 | 63,557 | 62,826 | 54,895 | 55,322 | 56,104 | 49,710 | 215 | 214 | 214 | 5,097 | 5,074 | 19,687 |
| Total current liabilities | US$ in thousands | 30,607 | 29,343 | 25,446 | 26,810 | 29,879 | 29,029 | 25,855 | 23,904 | 25,329 | 23,439 | 23,405 | 18,267 | 21,813 | 22,114 | 21,480 | 22,300 | 25,145 | 44,446 | 44,357 | 16,594 |
| Cash ratio | 9.79 | 4.22 | 4.44 | 4.04 | 3.52 | 3.34 | 3.49 | 3.39 | 3.26 | 3.40 | 3.23 | 3.88 | 3.21 | 3.03 | 1.01 | 1.06 | 1.07 | 0.77 | 0.56 | 1.85 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($25,610K
+ $274,112K)
÷ $30,607K
= 9.79
The cash ratio of LeMaitre Vascular Inc has shown a consistent improvement over the periods provided in the data. The cash ratio indicates the company's ability to cover its short-term obligations with its cash and cash equivalents.
From March 31, 2020, to December 31, 2024, the cash ratio has steadily increased from 1.85 to 9.79. This upward trend suggests that the company has been building up its cash reserves relative to its current liabilities over time.
The significant improvement in the cash ratio indicates that the company has more cash on hand to meet its short-term obligations. A higher cash ratio is generally seen as favorable as it signifies a stronger liquidity position and a reduced risk of financial distress.
Overall, the increasing trend in LeMaitre Vascular Inc's cash ratio reflects a strengthening financial position in terms of liquidity and ability to meet short-term obligations from its cash resources.
Peer comparison
Dec 31, 2024