Vericel Corp Ord (VCEL)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.57 | 1.42 | 1.43 | 1.53 | 1.38 |
Vericel Corp has consistently maintained a debt-free capital structure over the past five years as indicated by the debt-to-assets, debt-to-capital, and debt-to-equity ratios all being at 0.00 during this period. This suggests that the company has been financing its operations primarily through equity rather than debt, resulting in minimal financial risk related to debt obligations.
However, it is important to note that the financial leverage ratio has fluctuated over the years, indicating changes in the company's leverage position. The financial leverage ratio, which measures the extent of a company's financial leverage, has shown some variability with a peak of 1.57 in 2023 and a low of 1.38 in 2019. This implies that Vericel Corp has increased its financial leverage slightly in 2023 compared to the previous years.
Overall, Vericel Corp's solvency ratios reflect a stable and conservative financial position with no significant reliance on debt for funding its operations. The fluctuation in the financial leverage ratio indicates some changes in leverage, but the company's overall solvency remains strong.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | -2.95 | -42.66 | -1,894.50 | 508.33 | -1,207.12 |
As the interest coverage ratio data for Vericel Corp is not provided in the table, we are unable to conduct a direct analysis of this financial metric for the years 2019 to 2023. Interest coverage ratio is a crucial financial ratio that indicates a company's ability to pay its interest expenses on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses.
Without access to the specific figures for EBIT and interest expenses, we are unable to determine Vericel Corp's interest coverage ratio. However, it is essential for investors and stakeholders to monitor this ratio over time as a declining interest coverage ratio may indicate that the company is facing challenges in meeting its interest obligations with its earnings. A strong interest coverage ratio suggests that the company is comfortably able to cover its interest expenses with its earnings.
In the absence of specific data points for interest coverage ratio, further analysis or comparison with industry peers and historical trends is not feasible. It would be beneficial for investors and analysts to obtain the actual financial figures to assess Vericel Corp's financial health and performance in managing its interest obligations.