LeMaitre Vascular has a Cash Ratio of 3.52. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for LeMaitre Vascular's Cash Ratio or its related term are showing as below:
LMAT'
s Cash Ratio Range Over the Past 10 Years
Min: 1.07 Med: 2.54 Max: 3.52
Current: 3.52
During the past 13 years, LeMaitre Vascular's highest Cash Ratio was 3.52. The lowest was 1.07. And the median was 2.54.
LMAT's Cash Ratio is ranked better than 76.64% of 856
companies
in the Medical Devices & Instruments industry
Industry Median: 1.25
vs LMAT: 3.52
LeMaitre Vascular Cash Ratio Historical Data
The historical data trend for LeMaitre Vascular's Cash Ratio 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.
Competitive Comparison of LeMaitre Vascular's Cash Ratio
For the Medical Instruments & Supplies subindustry, LeMaitre Vascular's Cash Ratio, along with its competitors' market caps and Cash Ratio 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 Ratio Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, LeMaitre Vascular's Cash Ratio distribution charts can be found below:
* The bar in red indicates where LeMaitre Vascular's Cash Ratio falls into.
LeMaitre Vascular Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
LeMaitre Vascular's Cash Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
LeMaitre Vascular (NAS:LMAT) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
LeMaitre Vascular Cash Ratio Related Terms
Thank you for viewing the detailed overview of LeMaitre Vascular's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
LeMaitre Vascular (LeMaitre Vascular) Business Description
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.
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