LeMaitre Vascular Inc (LMAT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 337,290 | 297,900 | 268,201 | 254,151 | 172,572 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $337,290K)
= 0.00
Based on the data provided, the debt-to-capital ratio of LeMaitre Vascular Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not used debt to finance its operations and investments during this period. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is primarily equity-based, which can be viewed positively by investors and creditors as it signifies lower financial risk and potential for financial stability. Nevertheless, it's important to consider that a very low debt-to-capital ratio may also indicate missed opportunities to leverage debt for potential growth or tax benefits.
Peer comparison
Dec 31, 2024