Certara Inc (CERT)

Quick ratio

		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
Cash	US$ in thousands	234,951	272,312	245,190	244,135	236,586	210,509	194,755	184,315	185,797	416,850	267,757	272,988
Short-term investments	US$ in thousands	—	—	5,667	4,261	4,638	3,429	680	—	—	—	—	—
Receivables	US$ in thousands	84,857	76,553	83,952	82,404	82,584	74,806	73,873	72,719	69,555	62,859	56,586	54,402
Total current liabilities	US$ in thousands	130,023	105,427	102,896	93,816	103,158	76,530	81,545	81,617	92,225	69,634	59,249	63,372
Quick ratio		2.46	3.31	3.25	3.53	3.14	3.77	3.30	3.15	2.77	6.89	5.47	5.17

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($234,951K + $—K + $84,857K) ÷ $130,023K
= 2.46

The quick ratio of Certara Inc has shown some fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

Looking at the data provided:
- The quick ratio ranged from a low of 2.62 in Q4 2023 to a high of 3.94 in Q3 2022.
- The quick ratio has generally been above 3 in the last four quarters, indicating a strong ability to meet short-term obligations with liquid assets.
- There was a noticeable decrease in the quick ratio in Q4 2023 compared to the previous quarters, which may suggest a slight decrease in liquidity or an increase in current liabilities during that period.

Overall, Certara Inc has maintained a healthy quick ratio above 1 in all quarters, with fluctuations indicating shifts in the company's liquidity position. It is important to continue monitoring the quick ratio to ensure the company can effectively meet its short-term financial obligations.