Certara Inc (CERT)

Debt-to-assets ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Long-term debt US$ in thousands — — — — —
Total assets US$ in thousands 1,575,100 1,563,140 1,572,920 1,511,730 1,269,400
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,575,100K
= 0.00

Certara Inc's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, through December 31, 2024. This indicates that the company has not used debt to finance its assets during this period. A low or zero debt-to-assets ratio is typically viewed positively by investors and creditors as it suggests the company has a strong financial position and may be less risky. Certara Inc's stable debt-to-assets ratio suggests a prudent financial management strategy focused on maintaining a healthy balance sheet and potentially minimizing interest costs.