Vericel Corp Ord (VCEL)

Debt-to-capital ratio

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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 291,967 257,472 242,977 233,896 225,952 204,380 198,928 193,978 192,272 177,837 174,816 172,485 170,462 156,780 151,092 140,209 134,260 114,630 107,596 110,452
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

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $291,967K)
= 0.00

Vericel Corp Ord has consistently maintained a debt-to-capital ratio of 0.00 across multiple quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not relied on debt financing to fund its operations and has primarily used equity financing to support its capital structure. A debt-to-capital ratio of 0.00 suggests that the company's capital structure is largely composed of equity, which can be viewed positively as it signifies lower financial risk and potential higher solvency. Vericel Corp Ord's stable and low debt-to-capital ratio reflects a conservative approach to leveraging its capital and maintaining a healthy balance between debt and equity in its financial structure.