LeMaitre Vascular Inc (LMAT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 0 | 35,532 | 0 |
| Total assets | US$ in thousands | 346,778 | 310,476 | 292,802 | 252,810 | 188,341 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $346,778K
= 0.00
The debt-to-assets ratio of Lemaitre Vascular Inc has shown a consistent trend of zero or negligible debt relative to its total assets from 2019 to 2023, except for a slight increase to 0.15 in 2020. This indicates that the company has been operating with little to no debt financing, potentially relying more on equity to fund its operations and investments. The exceptionally low debt-to-assets ratios suggest a conservative capital structure, which may imply lower financial risk and greater financial stability for the company. However, it is important to note that the sudden increase in the ratio in 2020 warrants further investigation to understand the reasons behind it and to assess the company's overall debt management strategy.
Peer comparison
Dec 31, 2023