LeMaitre Vascular Inc (LMAT)

Current 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
Total current assets	US$ in thousands	194,598	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	92,092	99,695	98,159	95,418
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
Current ratio		6.51	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	4.42	5.16	5.63	4.92

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 relatively stable and healthy levels over the past eight quarters, ranging from 6.28 to 7.74. The ratio has consistently been well above 1, indicating that the company has more than enough current assets to cover its current liabilities.

In particular, the current ratio for the latest quarter, Q4 2023, stands at 6.51, reflecting the company's ability to meet its short-term obligations comfortably. Despite some minor fluctuations, the current ratio has generally been robust and indicates that Lemaitre Vascular Inc has good liquidity and financial health to support its ongoing operations.