LeMaitre Vascular Inc (LMAT)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	346,778	310,476	292,802	252,810	188,341
Total stockholders’ equity	US$ in thousands	297,900	268,201	254,151	172,572	148,141
Financial leverage ratio		1.16	1.16	1.15	1.46	1.27

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $346,778K ÷ $297,900K
= 1.16

The financial leverage ratio of Lemaitre Vascular Inc has displayed some fluctuations over the past five years. The ratio stood at 1.16 in both the years 2023 and 2022, indicating a consistent level of financial leverage during these periods. In 2021, the ratio was slightly lower at 1.15, suggesting a marginal decrease in leverage compared to the previous years. However, there was a significant spike in financial leverage in 2020, with the ratio jumping to 1.46, signaling a higher level of debt usage relative to equity. This increase in leverage may have been a strategic decision to fund growth initiatives or navigate through challenging economic conditions. The ratio then decreased to 1.27 in 2019, reflecting a reduction in the company's debt compared to the prior year.

Overall, the trend in Lemaitre Vascular Inc's financial leverage ratio shows some variability, with the company employing different levels of debt relative to equity over the analyzed period. Further analysis and consideration of the company's overall financial health and strategy are necessary to fully understand the implications of these changes in leverage.