LeMaitre Vascular Inc (LMAT)

Quick 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
Cash	US$ in thousands	24,269	18,051	19,488	16,677	19,134	16,913	20,788	15,560	13,855	17,369	21,541	23,525	26,764	29,279	19,976	10,944	11,786	11,719	13,264	14,766
Short-term investments	US$ in thousands	80,805	78,967	70,689	64,328	63,557	62,826	54,895	55,322	56,104	49,710	215	214	214	5,097	5,074	19,687	20,894	33,177	34,979	32,691
Receivables	US$ in thousands	25,064	23,882	26,406	25,365	22,040	20,094	21,542	21,386	19,631	19,501	20,741	20,126	19,552	19,625	17,696	16,630	16,572	14,878	15,548	15,460
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
Quick ratio		4.36	4.16	4.51	4.45	4.13	4.26	4.15	5.05	4.11	3.92	1.98	1.97	1.85	1.21	0.96	2.85	2.36	3.09	3.66	3.25

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($24,269K + $80,805K + $25,064K) ÷ $29,879K
= 4.36

The quick ratio of Lemaitre Vascular Inc has remained relatively stable and healthy over the past eight quarters, ranging from a low of 4.51 to a high of 5.48. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.

With consistently high quick ratios above 4.5, Lemaitre Vascular Inc demonstrates a strong liquidity position and the ability to cover its short-term liabilities comfortably without relying heavily on inventory sales. This indicates that the company has a solid financial foundation to meet its immediate financial obligations and indicates good financial health.

Overall, the trend of Lemaitre Vascular Inc's quick ratio suggests a consistent and stable liquidity position, providing a positive indication of the company's ability to manage short-term financial obligations effectively.