Certara Inc (CERT)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,058,660 | 1,046,840 | 1,079,660 | 1,041,850 | 822,132 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,058,660K)
= 0.00
Certara Inc's debt-to-capital ratio has been consistently at 0.00 over the years (December 31, 2020 to December 31, 2024). This indicates that the company has not been using debt to finance its operations relative to its total capital. A low or zero debt-to-capital ratio can suggest financial stability and lower financial risk as the company is not heavily reliant on debt financing. However, it's important to note that a very low debt-to-capital ratio may also indicate missed opportunities for potential leveraged growth. Further analysis of the company's capital structure and overall financial health would provide more insights into its financial management strategy.
Peer comparison
Dec 31, 2024