Vericel Corp Ord (VCEL)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 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 | 111,091 | 96,990 | 88,542 | 103,055 |
| 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, 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 across all quarters from Q1 2022 to Q4 2023. This indicates that the company has not used any debt to finance its operations and has relied solely on equity financing. A debt-to-equity ratio of 0.00 typically suggests that the company's financial risk is low, as there is no debt that needs to be repaid, resulting in lower interest expenses. However, it is essential to consider that a zero debt-to-equity ratio may also imply missed opportunities to leverage debt for potential growth or tax benefits. Overall, Vericel Corp's zero debt-to-equity ratio reflects a conservative financial strategy focused on equity financing.
Peer comparison
Dec 31, 2023