LeMaitre Vascular Inc (LMAT)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 551,817 | 346,778 | 310,476 | 292,802 | 252,810 |
| Total stockholders’ equity | US$ in thousands | 337,290 | 297,900 | 268,201 | 254,151 | 172,572 |
| Financial leverage ratio | 1.64 | 1.16 | 1.16 | 1.15 | 1.46 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $551,817K ÷ $337,290K
= 1.64
The financial leverage ratio of LeMaitre Vascular Inc has fluctuated over the past five years. The ratio decreased from 1.46 in December 31, 2020, to 1.15 in December 31, 2021, indicating a reduction in the company's reliance on debt to finance its operations. However, from 2021 to 2024, the ratio remained relatively stable, with only a slight increase from 1.15 to 1.16. In December 31, 2024, the ratio spiked to 1.64, suggesting a significant increase in the company's financial leverage compared to the previous years. It is important to further investigate the reasons behind this sudden change in leverage to assess its impact on the company's financial health and risk profile.
Peer comparison
Dec 31, 2024