LeMaitre Vascular Inc (LMAT)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 25,610 | 24,269 | 19,134 | 13,855 | 26,764 |
| Short-term investments | US$ in thousands | 274,112 | 80,805 | 63,557 | 56,104 | 214 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 30,607 | 29,879 | 25,329 | 21,813 | 25,145 |
| Quick ratio | 9.79 | 3.52 | 3.26 | 3.21 | 1.07 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($25,610K
+ $274,112K
+ $—K)
÷ $30,607K
= 9.79
The quick ratio of LeMaitre Vascular Inc has shown a significant improvement over the years, increasing from 1.07 in December 2020 to 9.79 in December 2024. This indicates a strengthening liquidity position, with the company having more than enough liquid assets to cover its current liabilities. The trend suggests that LeMaitre Vascular Inc has been effectively managing its short-term obligations and has a healthy ability to meet its financial commitments without relying heavily on inventory. A quick ratio above 1 is generally considered favorable as it implies the company has an adequate level of liquid assets to meet its short-term liabilities. The consistent upward trend in the quick ratio reflects positively on the company's financial health and ability to manage its working capital effectively.
Peer comparison
Dec 31, 2024