Vericel Corp Ord (VCEL)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 353,657 | 273,003 | 243,705 | 205,608 | 153,238 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $353,657K
= 0.00
Based on the historical data provided for Vericel Corp, the company has consistently maintained a debt-to-assets ratio of 0.00 for the past five years, indicating that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 suggests that the company relies solely on equity financing to support its operations and investments, which can be viewed positively by investors and creditors as it signifies a lower financial risk and potential for financial distress. Vericel Corp's consistent 0.00 debt-to-assets ratio demonstrates a strong financial position and effective management of capital structure over the years.
Peer comparison
Dec 31, 2023