LeMaitre Vascular Inc (LMAT)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.10	0.16	0.21	0.23	0.24	0.00	0.00	0.00	0.00	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 of Lemaitre Vascular Inc has consistently been reported as 0.00 across all quarters in the provided data. A debt-to-equity ratio of 0 indicates that the company has no debt or a minimal amount of debt in relation to its equity. This implies that the company is primarily funded through equity rather than debt. It could suggest a strong financial position with lower financial risk, as the company is not relying heavily on borrowing to finance its operations or growth. Further analysis would be needed to understand the specific capital structure and financial strategy of Lemaitre Vascular Inc, as well as how this consistent ratio may impact its overall financial health and performance in the long term.