LeMaitre Vascular Inc (LMAT)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	11,786	11,719	13,264	14,766
Short-term investments	US$ in thousands	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	20,894	33,177	34,979	32,691
Total current liabilities	US$ in thousands	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	20,851	19,323	17,422	19,385
Cash ratio		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	1.57	2.32	2.77	2.45

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 relatively stable and healthy liquidity levels over the past eight quarters, ranging from 3.60 to 4.31. This indicates that the company has a strong ability to cover its short-term obligations with its available cash and cash equivalents.

The highest cash ratio of 4.31 was observed in Q1 2022, suggesting a peak level of liquidity during that period. Conversely, the lowest cash ratio of 3.60 was recorded in Q2 2022, indicating a slightly lower ability to cover short-term liabilities with cash on hand.

Overall, the consistent range of cash ratios above 3.0 indicates that Lemaitre Vascular Inc is effectively managing its liquidity position and is well-equipped to handle any short-term financial obligations that may arise. However, it is always important to consider other liquidity ratios and factors in conjunction with the cash ratio to get a comprehensive view of the company's overall liquidity health.