Certara Inc (CERT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 1,575,100 | 1,543,230 | 1,539,610 | 1,542,380 | 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 | 1,269,400 | 1,020,380 | 1,056,380 | — |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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
The debt-to-assets ratio of Certara Inc from March 31, 2020, to December 31, 2024, remained consistently at 0.00. This indicates that the company did not have any financial obligations in the form of debt relative to its total assets during this period. A debt-to-assets ratio of 0.00 signifies that Certara Inc funded its operations and investments predominantly through equity rather than borrowings. This could suggest a strong financial position, minimal financial risk, and potential financial stability for the company. It also indicates that Certara Inc may not be highly leveraged, which could be viewed positively by investors and creditors.
Peer comparison
Dec 31, 2024