Certara Balance Sheet Health
Financial Health criteria checks 5/6
Certara has a total shareholder equity of $1.0B and total debt of $291.2M, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are $1.6B and $516.3M respectively. Certara's EBIT is $14.1M making its interest coverage ratio 0.6. It has cash and short-term investments of $239.4M.
Key information
27.8%
Debt to equity ratio
US$291.24m
Debt
Interest coverage ratio | 0.6x |
Cash | US$239.42m |
Equity | US$1.05b |
Total liabilities | US$516.30m |
Total assets | US$1.56b |
Recent financial health updates
No updates
Recent updates
When Should You Buy Certara, Inc. (NASDAQ:CERT)?
Apr 11Certara, Inc.'s (NASDAQ:CERT) Share Price Could Signal Some Risk
Mar 21Returns Are Gaining Momentum At Certara (NASDAQ:CERT)
Feb 17Certara: Applied BioMath Acquisition And Simcyp Launch Should Drive Growth
Jan 30Calculating The Fair Value Of Certara, Inc. (NASDAQ:CERT)
Dec 07Risks To Shareholder Returns Are Elevated At These Prices For Certara, Inc. (NASDAQ:CERT)
Oct 31Is It Time To Consider Buying Certara, Inc. (NASDAQ:CERT)?
Sep 17An Intrinsic Calculation For Certara, Inc. (NASDAQ:CERT) Suggests It's 29% Undervalued
Aug 30Certara (NASDAQ:CERT) Shareholders Will Want The ROCE Trajectory To Continue
Aug 03Certara: A Story To Watch
Sep 27Certara to raise capital in secondary stock offering
Aug 12Certara Looks Positioned For Increased Growth In 2022
Feb 02Certara: Global Biosimulation Firm Positions Itself For Stability Into The Long Term
Sep 29Financial Position Analysis
Short Term Liabilities: CERT's short term assets ($340.2M) exceed its short term liabilities ($130.0M).
Long Term Liabilities: CERT's short term assets ($340.2M) do not cover its long term liabilities ($386.3M).
Debt to Equity History and Analysis
Debt Level: CERT's net debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: CERT's debt to equity ratio has reduced from 82.8% to 27.8% 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 CERT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CERT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.5% per year.