Certara Inc (CERT)

Debt-to-assets 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
Long-term debt	US$ in thousands	288,217	288,661	289,104	289,546	289,988	290,428	290,868	291,308	291,746	292,183	292,622	293,689
Total assets	US$ in thousands	1,563,140	1,526,820	1,572,220	1,566,760	1,572,920	1,508,690	1,501,750	1,507,030	1,511,730	1,414,790	1,265,340	1,262,620
Debt-to-assets ratio		0.18	0.19	0.18	0.18	0.18	0.19	0.19	0.19	0.19	0.21	0.23	0.23

December 31, 2023 calculation

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

Certara Inc's debt-to-assets ratio has remained stable at 0.19 for the past four quarters. This indicates that the company's total debt is 19% of its total assets consistently over this period. The slight decrease from 0.20 in Q2 and Q1 2022 suggests that Certara has been effectively managing its debt levels compared to earlier periods. A low and stable debt-to-assets ratio typically signifies a conservative approach to financing and good financial health, indicating that Certara has a relatively low level of debt in relation to its assets.