LeMaitre Vascular Inc (LMAT)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 551,817 | 346,778 | 310,476 | 292,802 | 252,810 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $551,817K
= 0.00
The debt-to-assets ratio for LeMaitre Vascular Inc has consistently been at 0.00% from December 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt to finance its operations during this period. An extremely low debt-to-assets ratio could suggest that the company is managing its capital structure well and is not overly burdened by debt obligations. However, it's important to note that while a low debt-to-assets ratio can be positive, it could also mean missed opportunities for leveraging debt for potential growth or tax benefits. It would be beneficial to further analyze the company's financial strategy and overall performance to gain a deeper understanding of its financial health.
Peer comparison
Dec 31, 2024