Vericel Corp Ord (VCEL)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 353,657 | 318,125 | 310,711 | 265,096 | 273,003 | 248,017 | 244,815 | 240,288 | 243,705 | 224,143 | 221,945 | 211,464 | 205,608 | 157,504 | 146,691 | 150,265 | 153,238 | 137,527 | 125,826 | 141,229 |
| 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 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $353,657K
= 0.00
Vericel Corp has consistently maintained a debt-to-assets ratio of 0.00 over the past eight quarters. This signifies that the company has not used any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 indicates that the company's assets are wholly funded by equity, implying a lower financial risk as there is no interest-bearing debt to be serviced. Vericel Corp's consistent low debt leverage may indicate a strong financial position and effective management of capital structure, as the company does not rely on external debt financing to support its operations and growth.
Peer comparison
Dec 31, 2023