LeMaitre Vascular Inc (LMAT)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	—	—	0	35,532	0
Total stockholders’ equity	US$ in thousands	297,900	268,201	254,151	172,572	148,141
Debt-to-equity ratio		0.00	0.00	0.00	0.21	0.00

December 31, 2023 calculation

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

The debt-to-equity ratio for Lemaitre Vascular Inc has shown significant fluctuation over the past five years. In 2020, the ratio was 0.22, indicating that the company had a higher level of debt relative to its equity. However, in the years 2019, 2021, 2022, and 2023, the ratio was 0.00, suggesting that the company had either very little or no debt compared to its equity.

A debt-to-equity ratio of 0.00 generally implies that the company is primarily funded by equity rather than debt. This can be a positive sign as it indicates lower financial risk and less reliance on external borrowing. It's important to note that a debt-to-equity ratio of 0.00 could also be due to the company having paid off its debt entirely.

Overall, Lemaitre Vascular Inc's debt-to-equity ratio analysis reveals a mixed picture, with the company showing varying levels of debt utilization over the past five years. It would be beneficial to further investigate the reasons behind these fluctuations to gain a deeper understanding of the company's capital structure and financial health.