LeMaitre Vascular Inc (LMAT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	297,900	288,637	283,827	274,165	268,201	261,247	258,033	257,787	254,151	249,048	185,833	177,525	172,572	160,983	152,629	148,835	148,141	142,316	137,537	133,088
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09	0.14	0.17	0.18	0.20	0.00	0.00	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $297,900K)
= 0.00

Based on the data provided for Lemaitre Vascular Inc's debt-to-capital ratio from Q4 2022 to Q4 2023, the ratio remains consistently at 0.00 across all quarters. A debt-to-capital ratio of 0.00 indicates that the company has no debt in relation to its capital structure during this period. This suggests that Lemaitre Vascular Inc is primarily financing its operations and investments through equity rather than debt. This financial strategy may signify a lower financial risk, as the company is not relying on borrowed funds to support its activities. However, it is important to consider other factors such as the cost of equity and tax implications when evaluating the overall financial health and sustainability of Lemaitre Vascular Inc.