LeMaitre Vascular Inc (LMAT)

Current 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
Total current assets	US$ in thousands	402,192	227,116	205,797	196,880	188,851	182,184	174,490	164,768	161,733	153,142	148,486	141,411	139,883	134,016	90,020	90,657	94,263	102,252	91,869	89,722
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
Current ratio		13.14	7.74	8.09	7.34	6.32	6.28	6.75	6.89	6.39	6.53	6.34	7.74	6.41	6.06	4.19	4.07	3.75	2.30	2.07	5.41

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $402,192K ÷ $30,607K
= 13.14

LeMaitre Vascular Inc's current ratio has exhibited fluctuations over the reported periods, ranging from 2.07 to 13.14. A higher current ratio indicates a better ability to cover short-term obligations using current assets.

From June 30, 2020, to September 30, 2021, the current ratio showed an increasing trend, indicating a strengthening liquidity position. However, in the subsequent periods up to March 31, 2022, there was a slight decrease in the ratio, suggesting a possible increase in short-term obligations or a decrease in current assets.

The ratio peaked at 13.14 on December 31, 2024, indicating a significant improvement in the company's ability to meet short-term liabilities comfortably. This could be attributed to increased liquidity or a reduction in current liabilities during that period.

It is essential for stakeholders to closely monitor LeMaitre Vascular Inc's current ratio to assess the company's liquidity position and its ability to meet upcoming short-term obligations effectively.