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.
Peer comparison
Dec 31, 2023