Certara Inc (CERT)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-term debt	US$ in thousands	288,217	289,988	291,746
Total assets	US$ in thousands	1,563,140	1,572,920	1,511,730
Debt-to-assets ratio		0.18	0.18	0.19

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $288,217K ÷ $1,563,140K
= 0.18

The debt-to-assets ratio for Certara Inc has shown a decreasing trend over the years, decreasing from 0.24 in 2020 to 0.19 in 2023. This indicates that the company has been effectively managing its debt levels in comparison to its total assets. A lower debt-to-assets ratio suggests that a company relies less on debt financing and has a stronger financial position. Certara Inc's consistent maintenance of a low debt-to-assets ratio is a positive sign of its financial stability and prudent financial management.