Certara Inc (CERT)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,046,840	1,051,750	1,097,170	1,085,060	1,079,660	1,054,400	1,048,380	1,048,400	1,041,850	971,320	834,510	827,267
Debt-to-capital ratio		0.22	0.22	0.21	0.21	0.21	0.22	0.22	0.22	0.22	0.23	0.26	0.26

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $288,217K ÷ ($288,217K + $1,046,840K)
= 0.22

The debt-to-capital ratio of Certara Inc has remained relatively stable over the past eight quarters, ranging between 0.21 and 0.22. This ratio indicates that Certara's level of debt in relation to its total capitalization has been consistently moderate. A ratio of 0.22 means that for every $1 of capital, Certara has $0.22 in debt. Overall, the company's debt levels have not shown significant fluctuations, suggesting a prudent approach to managing its capital structure. It is essential for investors and creditors to monitor this ratio to assess Certara's financial leverage and risk profile over time.