LeMaitre Vascular Inc (LMAT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 25,610 | 21,001 | 22,268 | 26,595 | 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 |
| Short-term investments | US$ in thousands | 274,112 | 102,888 | 90,831 | 81,693 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 9.79 | 4.22 | 4.44 | 4.04 | 3.52 | 3.34 | 3.49 | 3.39 | 3.26 | 3.40 | 3.23 | 3.88 | 3.21 | 3.03 | 1.01 | 1.06 | 1.07 | 0.77 | 0.56 | 1.85 |
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 fluctuations over the period indicated in the data provided. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
From March 31, 2020, to December 31, 2024, the quick ratio of LeMaitre Vascular Inc varied significantly, starting at 1.85 and fluctuating between 0.56 and 4.44. Notably, the quick ratio improved significantly from September 30, 2021, onwards and remained above 3 from that point until December 31, 2024. This indicates a strong ability to meet short-term obligations with liquid assets during this period.
The company's quick ratio exceeding 1 from the last few quarters of 2021 indicates a healthy liquidity position, with more current assets available to cover its current liabilities. The increasing trend from September 30, 2021, suggests improved financial health and a stronger ability to manage short-term debts. The sharp increase observed from March 31, 2024, reaching a peak of 9.79 on December 31, 2024, is particularly noteworthy and reflects a significant increase in the proportion of highly liquid assets relative to current liabilities, signaling a robust financial position during that period.
Overall, based on the quick ratio trend, LeMaitre Vascular Inc improved its liquidity position significantly over the period analyzed, demonstrating a strengthened ability to meet short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024