Certara Balance Sheet Health
Financial Health criteria checks 5/6
Certara has a total shareholder equity of $1.1B and total debt of $296.1M, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are $1.5B and $489.8M respectively. Certara's EBIT is $14.5M making its interest coverage ratio 0.7. It has cash and short-term investments of $235.4M.
Key information
28.1%
Debt to equity ratio
US$296.05m
Debt
| Interest coverage ratio | 0.7x |
| Cash | US$235.45m |
| Equity | US$1.05b |
| Total liabilities | US$489.82m |
| Total assets | US$1.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 700's short term assets ($350.6M) exceed its short term liabilities ($122.7M).
Long Term Liabilities: 700's short term assets ($350.6M) do not cover its long term liabilities ($367.1M).
Debt to Equity History and Analysis
Debt Level: 700's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 700's debt to equity ratio has reduced from 82.1% to 28.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 700 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 700 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 18.5% per year.