Certara Inc (CERT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 310,852 | 340,201 | 342,252 | 274,727 | 346,584 |
| Total current liabilities | US$ in thousands | 146,088 | 130,023 | 103,158 | 92,225 | 75,345 |
| Current ratio | 2.13 | 2.62 | 3.32 | 2.98 | 4.60 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $310,852K ÷ $146,088K
= 2.13
The current ratio of Certara Inc has fluctuated over the past five years. In December 2020, the current ratio was 4.60, indicating a strong ability to cover its short-term liabilities with current assets. However, by December 2024, the current ratio had decreased to 2.13, suggesting a reduced liquidity position compared to previous years. Despite some fluctuations, the current ratio has generally remained above 2, implying that Certara Inc has had an adequate cushion to meet its short-term financial obligations. It is important for the company to closely monitor its current ratio to ensure it maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024