LeMaitre Vascular Inc (LMAT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 402,192 | 194,598 | 161,733 | 139,883 | 94,263 |
| Total current liabilities | US$ in thousands | 30,607 | 29,879 | 25,329 | 21,813 | 25,145 |
| Current ratio | 13.14 | 6.51 | 6.39 | 6.41 | 3.75 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $402,192K ÷ $30,607K
= 13.14
The current ratio of LeMaitre Vascular Inc has shown a consistent upward trend over the past five years, indicating a strong liquidity position. As of December 31, 2020, the company had a current ratio of 3.75, which increased significantly to 13.14 by December 31, 2024. This improvement suggests that the company's current assets continue to exceed its current liabilities by a substantial margin, signifying its ability to meet short-term obligations comfortably. Overall, the increasing current ratio reflects LeMaitre Vascular's solid liquidity and financial stability over the years.
Peer comparison
Dec 31, 2024