LeMaitre Vascular Inc (LMAT)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.12 | 0.14 | 0.14 | 0.14 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.14 | 0.17 | 0.18 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
| 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 |
Lemaitre Vascular Inc's solvency ratios, based on the data provided, indicate a strong financial position with consistently low debt levels relative to assets, capital, and equity. The debt-to-assets, debt-to-capital, and debt-to-equity ratios all show values of 0.00 across the observation periods, reflecting that the company operates with minimal or no debt in its capital structure.
The financial leverage ratio, although showing some variability, remains relatively stable and low, with values ranging from 1.13 to 1.16. This suggests that the company primarily relies on equity financing to support its operations rather than taking on significant debt.
Overall, Lemaitre Vascular Inc's solvency ratios indicate a conservative approach to capital structure management, with a low-risk profile and sufficient financial strength to meet its obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | 53.47 | 27.05 | 22.19 | 16.45 | 16.55 | 16.66 | 17.21 | 21.90 | 33.30 | 305.92 | — | — | 11,842.00 | 5,601.75 | 4,643.33 |
Lemaitre Vascular Inc's interest coverage ratio provides insights into the company's ability to meet its interest obligations through its earnings. The interest coverage ratio for the first two quarters of 2022 was 27.21 and 50.51, respectively. Unfortunately, data is unavailable for the remaining quarters of 2023.
The interest coverage ratio of 27.21 in Q2 2022 indicates that Lemaitre Vascular Inc generated earnings 27.21 times its interest expenses during that period. This suggests that the company had a comfortable margin of safety to cover its interest payments.
Moreover, the interest coverage ratio improving to 50.51 in Q3 2022 indicates further strengthening of the company's ability to cover its interest obligations with operating income. It suggests that the company was even more capable of servicing its interest expenses in that quarter.
In the absence of data for the remaining quarters of 2023, it is not possible to provide a complete trend analysis. However, the significant improvement in the interest coverage ratio from Q2 to Q3 2022 reflects positively on Lemaitre Vascular Inc's financial health and its ability to manage its debt obligations. It would be important to monitor future interest coverage ratios to assess the company's ongoing ability to meet its interest payments.