Certara Inc (CERT)

Current ratio

		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
Total current assets	US$ in thousands	310,852	350,609	337,076	328,457	340,201	369,777	353,044	348,254	342,252	305,092	286,019	275,186	274,727	504,849	344,808	347,561	346,584	92,798	121,591	29,256
Total current liabilities	US$ in thousands	146,088	122,705	129,123	100,629	130,023	105,427	102,896	93,816	103,158	76,530	81,545	81,617	92,225	69,634	59,249	63,372	75,345	60,341	56,981	—
Current ratio		2.13	2.86	2.61	3.26	2.62	3.51	3.43	3.71	3.32	3.99	3.51	3.37	2.98	7.25	5.82	5.48	4.60	1.54	2.13	—

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $310,852K ÷ $146,088K
= 2.13

Certara Inc's current ratio has shown fluctuations over the reported periods. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.

Starting from June 30, 2020, the current ratio was 2.13, indicating that the company had $2.13 in current assets for every $1 in current liabilities. This ratio improved significantly by December 31, 2020, reaching 4.60, suggesting a strong liquidity position. The trend continued into the following quarters, with the ratio peaking at 7.25 on September 30, 2021, indicating a substantial increase in liquidity.

However, by December 31, 2021, the current ratio dropped to 2.98, signaling a potential decrease in liquidity compared to the previous quarter. The ratio fluctuated between 2.62 and 3.99 over the next reporting periods until December 31, 2024, when it stood at 2.13.

Overall, despite some fluctuations, Certara Inc maintained a current ratio above 1 throughout the reported periods, indicating that the company generally had sufficient current assets to cover its short-term obligations. Further analysis would be needed to understand the reasons behind the fluctuations and their impact on the company's overall financial health.