Vericel Corp Ord (VCEL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.48 | 1.52 | 1.55 | 1.52 | 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 | 1.38 |
Vericel Corp Ord has consistently maintained a strong solvency position, as indicated by its low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio. These ratios have remained at 0.00 throughout the periods from March 31, 2020, to December 31, 2024, signifying that the company has no debt obligations in relation to its assets, capital, or equity.
Furthermore, the financial leverage ratio for Vericel Corp Ord has shown slight fluctuations over the years but has generally been within a reasonable range. The ratio ranged from 1.36 to 1.57 during the period, indicating that the company's financial structure is moderately leveraged, with a conservative approach to debt financing.
Overall, based on the solvency ratios analyzed, Vericel Corp Ord appears to have a healthy financial position with low debt levels and a sensible capital structure, which bodes well for its financial stability and ability to meet its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 18.12 | 8.55 | 3.62 | 3.08 | -2.95 | -13.75 | -19.01 | -32.25 | -42.68 | -126.78 | -418.40 | -547.90 | -1,894.50 | 797.75 | 2,348.20 | 1,437.20 | 938.00 | 132.57 | -13.14 | -1,545.75 |
Vericel Corp Ord's interest coverage ratio has experienced significant fluctuations over the past few years. The company's interest coverage ratio was negative for several quarters, indicating that its operating income was insufficient to cover its interest expenses during those periods. However, starting from the fourth quarter of 2021, the interest coverage ratio improved substantially, surpassing 1, which suggests that the company's operating income became more than sufficient to cover its interest expenses.
The trend continued positively into the fiscal year 2024, with the interest coverage ratio consistently above 1, indicating a healthy ability to meet interest obligations out of operating income. However, it's worth noting that the interest coverage ratio seems to be fluctuating around the 1 to 3 range in more recent quarters, which might indicate some volatility in the company's ability to cover its interest expenses.
Overall, Vericel Corp Ord's interest coverage ratio has shown both significant improvement and some variability, suggesting the importance of monitoring the company's ability to generate enough operating income to fulfill its interest payment obligations.