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.