LeMaitre Vascular Inc (LMAT)

Financial leverage 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
Total assets	US$ in thousands	346,778	334,012	326,467	314,866	310,476	302,048	299,425	292,453	292,802	289,473	246,505	247,369	252,810	261,569	255,717	184,557	188,341	170,014	162,661	160,252
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
Financial leverage ratio		1.16	1.16	1.15	1.15	1.16	1.16	1.16	1.13	1.15	1.16	1.33	1.39	1.46	1.62	1.68	1.24	1.27	1.19	1.18	1.20

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 remained relatively stable over the past eight quarters, ranging between 1.13 and 1.16. This indicates that the company has maintained a consistent level of financial leverage during this period. A financial leverage ratio of 1.16 suggests that the company's debt levels are 16% higher than its equity levels, reflecting a moderate degree of leverage in its capital structure. Overall, the consistent trend in the financial leverage ratio indicates that Lemaitre Vascular Inc has maintained a balanced mix of debt and equity in its capital structure without significant fluctuations.