LeMaitre Vascular Inc (LMAT)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.64 | 1.16 | 1.16 | 1.15 | 1.46 |
LeMaitre Vascular Inc's solvency ratios indicate a strong financial position. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently remained at 0.00 from 2020 to 2024. This suggests that the company has no significant debt relative to its assets, capital, or equity during the period.
The financial leverage ratio, on the other hand, has fluctuated slightly over the years, with a slight increase from 1.46 in 2020 to 1.64 in 2024. Despite this increase, the ratio remains relatively low, indicating that the company has a healthy mix of debt and equity to support its operations. Overall, LeMaitre Vascular Inc appears to have a solid solvency position with minimal debt obligations compared to its assets and equity.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 278.44 | — | 27.88 | 16.45 | 21.88 |
LeMaitre Vascular Inc's interest coverage ratio has exhibited fluctuating trends over the years. As of December 31, 2020, the company's interest coverage ratio was 21.88, indicating a strong ability to cover interest expenses with operating profits. By December 31, 2021, the ratio decreased to 16.45, which may suggest a slight deterioration in the company's ability to cover interest payments comfortably.
However, there was a significant improvement in the interest coverage ratio by December 31, 2022, reaching 27.88, signaling an enhanced capacity to meet interest obligations from operating earnings. The absence of data for December 31, 2023, makes it challenging to assess the company's financial health for that period.
By December 31, 2024, the interest coverage ratio surged dramatically to 278.44, reflecting an outstanding ability to service interest costs with operating income. This exceptionally high ratio may indicate a very strong financial position with ample earnings to cover interest expenses multiple times over.
Overall, the fluctuating trend in LeMaitre Vascular Inc's interest coverage ratio implies varying levels of financial strength and stability over the years, with notable improvements in certain periods and exceptional performance in others.