Certara Inc (CERT)

Financial leverage 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
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	—
Total stockholders’ equity	US$ in thousands	1,058,660	1,053,400	1,043,400	1,054,360	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	822,132	497,538	492,190	492,048
Financial leverage ratio		1.49	1.46	1.48	1.46	1.49	1.45	1.43	1.44	1.46	1.43	1.43	1.44	1.45	1.46	1.52	1.53	1.54	2.05	2.15	0.00

December 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,575,100K ÷ $1,058,660K
= 1.49

The financial leverage ratio of Certara Inc has demonstrated a fluctuating trend over the period from March 31, 2020, to December 31, 2024. The ratio started at 0.00 on March 31, 2020, indicating no financial leverage. Subsequently, the ratio increased to 2.15 by June 30, 2020, signifying a significant increase in leverage.

From June 2020 to December 2024, the financial leverage ratio gradually declined, reaching 1.49 on December 31, 2024. This trend suggests that Certara Inc has been reducing its reliance on debt financing compared to equity financing over the years, leading to a more conservative capital structure.

Overall, the decreasing trend in the financial leverage ratio indicates that Certara Inc has been managing its leverage levels effectively and potentially aiming for a more balanced and stable financial position.