Vericel Corp Ord (VCEL)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 225,952 | 192,272 | 170,462 | 134,260 | 111,091 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $225,952K)
= 0.00
The debt-to-capital ratio for Vericel Corp has been consistently at 0.00 for the past five years (2023-2019). This indicates that the company has not used debt as a source of financing relative to its total capital throughout this period. A debt-to-capital ratio of 0.00 implies that the company has funded its operations and investments primarily through equity financing, which can be considered a positive signal in terms of financial stability and risk management. However, it's essential to note that a low debt-to-capital ratio may also signify missed opportunities for leveraging debt to optimize capital structure and potentially enhance returns for shareholders. Further analysis of the company's overall financial health, growth prospects, and industry benchmarks would provide additional insights into the implications of Vericel's consistent 0.00 debt-to-capital ratio.
Peer comparison
Dec 31, 2023