LeMaitre Vascular Inc (LMAT)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	0	0	19,448	28,485	35,532	36,229	36,990	—	0	—	—	—
Total assets	US$ in thousands	346,778	334,012	326,467	314,866	310,476	302,048	299,425	292,453	292,802	289,473	246,505	247,369	252,810	261,569	255,717	184,557	188,341	170,014	162,661	160,252
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.08	0.12	0.14	0.14	0.14	0.00	0.00	0.00	0.00	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 for Lemaitre Vascular Inc has consistently remained at 0.00 for the past eight quarters. This indicates that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 implies that the company's assets are entirely financed by its equity, which can be seen as a positive sign of financial stability and a low level of financial risk. However, it's important to note that a very low or zero debt-to-assets ratio may also suggest that the company is not taking advantage of leverage to potentially increase returns. Overall, Lemaitre Vascular's consistent 0.00 debt-to-assets ratio reflects a conservative financial strategy focused on minimizing debt obligations.