LeMaitre Vascular Inc (LMAT)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.64 | 1.14 | 1.14 | 1.15 | 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 |
LeMaitre Vascular Inc has consistently maintained a strong solvency position based on its solvency ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00 over the years, indicating that the company has no significant debt relative to its assets, capital, or equity.
Additionally, the Financial leverage ratio has shown a decreasing trend from 1.24 in March 2020 to 1.14 in June 2024, implying that the company has been gradually reducing its reliance on debt to finance its operations and growth.
Overall, the solvency ratios suggest that LeMaitre Vascular Inc is in a strong financial position with minimal debt levels and a healthy balance sheet, which bodes well for its long-term financial stability and ability to weather economic downturns.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 278.44 | 354.65 | 326.90 | 293.70 | 133.93 | 58.96 | 37.19 | 30.38 | 31.20 | 29.48 | 24.12 | 20.78 | 16.45 | 16.54 | 16.66 | 17.20 | 20.26 | 29.12 | 118.08 | 204.25 |
LeMaitre Vascular Inc's interest coverage ratio has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio is a measure of a company's ability to pay its interest expenses on outstanding debt. A higher ratio indicates that the company is more capable of meeting its interest obligations.
From March 2020 to June 2021, the interest coverage ratio of LeMaitre Vascular Inc showed a decline, indicating a decrease in the company's ability to cover its interest payments with operating income. However, from September 2021 to December 2024, the ratio generally improved, suggesting a better ability to meet interest obligations.
The interest coverage ratio peaked at 354.65 on September 30, 2024, indicating a significant improvement in the company's ability to cover its interest expenses with operating income. This could be a positive sign of the company's improving financial health.
Overall, by analyzing the trend in LeMaitre Vascular Inc's interest coverage ratio, it appears that the company has shown varying degrees of ability to cover its interest expenses over the period under review. The recent increase in the ratio towards the end of the period may indicate a strengthening financial position. However, it would be important to monitor the trend over time to assess the company's ongoing financial stability.