LeMaitre Vascular (STU:LHU) Cash-to-Debt : 5.74 (As of Mar. 2024)

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What is LeMaitre Vascular Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. LeMaitre Vascular's cash to debt ratio for the quarter that ended in Mar. 2024 was 5.74.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, LeMaitre Vascular could pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for LeMaitre Vascular's Cash-to-Debt or its related term are showing as below:

STU:LHU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 7.06 Max: No Debt
Current: 5.74

During the past 13 years, LeMaitre Vascular's highest Cash to Debt Ratio was No Debt. The lowest was 0.31. And the median was 7.06.

STU:LHU's Cash-to-Debt is ranked better than
66.44% of 864 companies
in the Medical Devices & Instruments industry
Industry Median: 1.845 vs STU:LHU: 5.74

LeMaitre Vascular Cash-to-Debt Historical Data

The historical data trend for LeMaitre Vascular's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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LeMaitre Vascular Cash-to-Debt Chart

LeMaitre Vascular Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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2.08

0.49

4.39

4.98

5.50

LeMaitre Vascular Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															4.91	5.37	5.75	5.50	5.74

Competitive Comparison of LeMaitre Vascular's Cash-to-Debt

For the Medical Instruments & Supplies subindustry, LeMaitre Vascular's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

LeMaitre Vascular's Cash-to-Debt Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, LeMaitre Vascular's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where LeMaitre Vascular's Cash-to-Debt falls into.

LeMaitre Vascular Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

LeMaitre Vascular's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	96.353	/	(2.266	+	15.244)
	=	5.50

LeMaitre Vascular's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	99.625	/	(2.326	+	15.046)
	=	5.73

LeMaitre Vascular (STU:LHU) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

LeMaitre Vascular Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of LeMaitre Vascular's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

LeMaitre Vascular (STU:LHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » LeMaitre Vascular Inc (STU:LHU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

LMAT:USA LHU:Germany

Address

63 Second Avenue, Burlington, MA, USA, 01803

Website

https://www.lemaitre.com

LeMaitre Vascular Inc manufactures and distributes medical devices for the treatment of peripheral vascular disease. Its products are primarily used during open vascular surgery and address several anatomical areas, such as the carotid, lower extremities, upper extremities, and aorta. The firm's lower extremities product line contributes the largest proportion of revenue, followed by the carotid product line. LeMaitre's surgical devices include angioscopes, balloon catheters, carotid shunts, phlebectomy devices, vascular grafts, vascular patches, and vessel closure systems. LeMaitre generates the majority of its revenue in the United States.

LeMaitre Vascular (STU:LHU) Headlines

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