LeMaitre Vascular Inc (LMAT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 194,598 | 161,733 | 139,883 | 94,263 | 92,092 |
| Total current liabilities | US$ in thousands | 29,879 | 25,329 | 21,813 | 25,145 | 20,851 |
| Current ratio | 6.51 | 6.39 | 6.41 | 3.75 | 4.42 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $194,598K ÷ $29,879K
= 6.51
The current ratio of Lemaitre Vascular Inc has shown a consistently strong trend over the past five years, indicating the company's ability to meet its short-term financial obligations with its current assets. The ratio has ranged from 3.75 in 2020 to 6.51 in 2023. A current ratio above 2 is generally considered healthy, and Lemaitre Vascular Inc has consistently surpassed this threshold, indicating a robust liquidity position. The company has shown improvement in managing its short-term liabilities, as evidenced by the increasing trend in the current ratio over the years. This trend suggests that Lemaitre Vascular Inc has sufficient current assets to cover its current liabilities, which is a positive sign for the company's financial strength and operating efficiency.
Peer comparison
Dec 31, 2023