Vericel Corp Ord (VCEL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.57 | 1.56 | 1.56 | 1.37 | 1.42 | 1.39 | 1.40 | 1.39 | 1.43 | 1.43 | 1.47 | 1.51 | 1.53 | 1.37 | 1.36 | 1.36 | 1.38 | 1.42 | 1.42 | 1.37 |
Vericel Corp's solvency ratios, as reflected in the data provided, indicate a consistently low level of leverage and debt compared to its assets, capital, and equity over the past eight quarters. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all been consistently at 0.00 across the quarters, indicating that the company has operated with minimal reliance on debt to finance its operations and investments.
The financial leverage ratio, which measures the extent of a company's debt financing in relation to its equity, has shown a slight fluctuation but has generally remained relatively stable over the quarters. The ratio ranged from 1.37 to 1.57 during the period, indicating that the company has maintained a conservative level of financial leverage and has not taken on excessive debt relative to its equity.
Overall, based on the solvency ratios provided, Vericel Corp appears to have a strong financial position with low debt levels and conservative leverage, suggesting a solid ability to meet its financial obligations and withstand unexpected financial challenges.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | -6.14 | -16.61 | -22.08 | -33.91 | -42.66 | -126.78 | -418.40 | -547.90 | -1,894.50 | 153.25 | 1,832.60 | 921.60 | 508.33 | -20.14 | -94.86 | -1,574.50 | -1,406.38 | — | — | — |
As the interest coverage ratio for Vericel Corp is not available for any of the quarters provided, it is not possible to evaluate the company's ability to meet its interest obligations using this metric. Further analysis of the company's financial statements and additional information may be required to assess the company's financial health and ability to manage its debt obligations.