Vericel Corp Ord (VCEL)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $225,952K
= 0.00
Vericel Corp has consistently maintained a debt-to-equity ratio of 0.00 over the past five years, indicating that the company has not utilized any debt to finance its operations relative to its shareholders' equity during this period. A debt-to-equity ratio of 0.00 suggests that the company's operations have been primarily funded through equity rather than debt, which may signify a conservative financial strategy focused on minimizing financial risk and leverage. It also indicates that the company may have a strong financial position and robust equity base, which could potentially enhance its ability to weather economic downturns or unexpected challenges. However, it is important to note that a debt-to-equity ratio of 0.00 may also imply missed opportunities for leveraging debt financing for potential growth or expansion, as debt can be a cost-effective source of capital for strategic investments. Overall, Vericel Corp's consistent 0.00 debt-to-equity ratio reflects a stable and possibly risk-averse financial profile, although it may also raise considerations regarding the company's capital structure optimization and growth strategies.
Peer comparison
Dec 31, 2023