Vericel Corp Ord (VCEL)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $291,967K
= 0.00
Vericel Corp Ord's debt-to-equity ratio has consistently been reported as 0.00 across all the quarters from March 31, 2020, to December 31, 2024. This indicates that the company has not reported any debt on its balance sheet during this period, resulting in a debt-to-equity ratio of zero. A debt-to-equity ratio of zero suggests that the company has not used any external borrowing to finance its operations and that its operations have been primarily funded by equity.
It is essential to note that a debt-to-equity ratio of zero may not always be a positive sign for a company, as some level of debt can be beneficial for financial leverage and tax advantages. However, in Vericel Corp Ord's case, the consistent zero debt-to-equity ratio may indicate a conservative financial strategy or a strong financial position that does not necessitate the use of debt financing.
Peer comparison
Dec 31, 2024