Certara Capital Lease Obligations vs Cash And Short Term Investments Analysis

CERT Stock

USD 16.98 0.21 1.22%

Certara financial indicator trend analysis is way more than just evaluating Certara prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Certara is a good investment. Please check the relationship between Certara Capital Lease Obligations and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Certara. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Certara Stock please use our How to Invest in Certara guide.

Capital Lease Obligations vs Cash And Short Term Investments

Capital Lease Obligations vs Cash And Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Certara Capital Lease Obligations account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.

The correlation between Certara's Capital Lease Obligations and Cash And Short Term Investments is 0.76. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Certara, assuming nothing else is changed. The correlation between historical values of Certara's Capital Lease Obligations and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Lease Obligations of Certara are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Capital Lease Obligations i.e., Certara's Capital Lease Obligations and Cash And Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Capital Lease Obligations

Certara capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Certara asset purchases. For example, Certara can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Certara control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.

Cash And Short Term Investments

Short Term Investments is an account in the current assets section of Certara balance sheet. This account contains Certara investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Certara fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.

Most indicators from Certara's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Certara current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Certara. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Certara Stock please use our How to Invest in Certara guide.At this time, Certara's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 4.9 B in 2024, despite the fact that Tax Provision is likely to grow to (5 M).

	2021	2022	2023	2024 (projected)
Interest Expense	16.8M	17.8M	22.9M	18.5M
Depreciation And Amortization	45.0M	56.5M	56.1M	51.0M

Interest Expense Depreciation And Amortization

Certara fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Lease Obligations	Inventory	Other Current Assets
Total Assets		-0.93	0.87	0.93	0.99	-0.58	0.93	0.9	0.8	-0.93	-0.92	0.83	0.9	0.92	-0.36	0.98	-0.95	0.9	0.94	0.97	0.95	0.81	-0.91	0.95	-0.83	0.9
Short Long Term Debt Total	-0.93		-0.84	-0.83	-0.94	0.79	-0.98	-0.72	-0.6	0.99	0.95	-0.83	-0.95	-0.77	0.52	-0.9	1.0	-0.95	-0.82	-0.84	-0.92	-0.87	1.0	-0.79	0.89	-0.93
Other Current Liab	0.87	-0.84		0.95	0.86	-0.6	0.83	0.67	0.74	-0.85	-0.93	0.5	0.84	0.76	-0.5	0.89	-0.84	0.84	0.93	0.84	0.97	0.82	-0.81	0.76	-0.92	0.71
Total Current Liabilities	0.93	-0.83	0.95		0.91	-0.48	0.82	0.81	0.9	-0.83	-0.92	0.57	0.81	0.88	-0.29	0.93	-0.84	0.81	0.99	0.93	0.97	0.74	-0.79	0.87	-0.87	0.72
Total Stockholder Equity	0.99	-0.94	0.86	0.91		-0.58	0.95	0.88	0.74	-0.95	-0.91	0.85	0.94	0.88	-0.42	0.98	-0.96	0.94	0.91	0.94	0.94	0.81	-0.92	0.93	-0.81	0.94
Other Liab	-0.58	0.79	-0.6	-0.48	-0.58		-0.7	-0.31	-0.2	0.72	0.78	-0.54	-0.63	-0.45	0.51	-0.53	0.76	-0.63	-0.45	-0.49	-0.62	-0.74	0.83	-0.37	0.82	-0.6
Net Tangible Assets	0.93	-0.98	0.83	0.82	0.95	-0.7		0.71	0.57	-1.0	-0.9	0.84	0.99	0.72	-0.58	0.9	-0.98	0.99	0.81	0.81	0.91	0.85	-0.97	0.79	-0.81	0.97
Property Plant And Equipment Net	0.9	-0.72	0.67	0.81	0.88	-0.31	0.71		0.81	-0.7	-0.71	0.8	0.68	0.96	-0.11	0.89	-0.75	0.68	0.86	0.96	0.77	0.62	-0.7	0.99	-0.6	0.74
Current Deferred Revenue	0.8	-0.6	0.74	0.9	0.74	-0.2	0.57	0.81		-0.58	-0.73	0.42	0.56	0.88	0.15	0.79	-0.62	0.56	0.89	0.86	0.8	0.43	-0.55	0.82	-0.67	0.5
Net Debt	-0.93	0.99	-0.85	-0.83	-0.95	0.72	-1.0	-0.7	-0.58		0.92	-0.82	-0.99	-0.72	0.58	-0.9	0.99	-0.99	-0.82	-0.81	-0.92	-0.86	0.98	-0.77	0.84	-0.96
Retained Earnings	-0.92	0.95	-0.93	-0.92	-0.91	0.78	-0.9	-0.71	-0.73	0.92		-0.66	-0.87	-0.82	0.4	-0.89	0.95	-0.87	-0.89	-0.87	-0.97	-0.83	0.94	-0.78	0.98	-0.8
Accounts Payable	0.83	-0.83	0.5	0.57	0.85	-0.54	0.84	0.8	0.42	-0.82	-0.66		0.8	0.72	-0.38	0.79	-0.85	0.8	0.62	0.76	0.64	0.69	-0.84	0.81	-0.52	0.93
Cash	0.9	-0.95	0.84	0.81	0.94	-0.63	0.99	0.68	0.56	-0.99	-0.87	0.8		0.67	-0.61	0.9	-0.96	1.0	0.8	0.78	0.9	0.82	-0.94	0.76	-0.77	0.96
Non Current Assets Total	0.92	-0.77	0.76	0.88	0.88	-0.45	0.72	0.96	0.88	-0.72	-0.82	0.72	0.67		-0.08	0.89	-0.79	0.67	0.91	0.99	0.84	0.67	-0.75	0.96	-0.75	0.7
Non Currrent Assets Other	-0.36	0.52	-0.5	-0.29	-0.42	0.51	-0.58	-0.11	0.15	0.58	0.4	-0.38	-0.61	-0.08		-0.35	0.52	-0.61	-0.31	-0.23	-0.41	-0.76	0.53	-0.2	0.42	-0.52
Other Assets	0.98	-0.9	0.89	0.93	0.98	-0.53	0.9	0.89	0.79	-0.9	-0.89	0.79	0.9	0.89	-0.35		-0.91	0.9	0.92	0.95	0.95	0.74	-0.87	0.94	-0.8	0.88
Long Term Debt	-0.95	1.0	-0.84	-0.84	-0.96	0.76	-0.98	-0.75	-0.62	0.99	0.95	-0.85	-0.96	-0.79	0.52	-0.91		-0.96	-0.84	-0.86	-0.92	-0.87	0.99	-0.81	0.87	-0.94
Cash And Short Term Investments	0.9	-0.95	0.84	0.81	0.94	-0.63	0.99	0.68	0.56	-0.99	-0.87	0.8	1.0	0.67	-0.61	0.9	-0.96		0.8	0.78	0.9	0.82	-0.94	0.76	-0.77	0.96
Net Receivables	0.94	-0.82	0.93	0.99	0.91	-0.45	0.81	0.86	0.89	-0.82	-0.89	0.62	0.8	0.91	-0.31	0.92	-0.84	0.8		0.95	0.95	0.78	-0.78	0.91	-0.84	0.73
Good Will	0.97	-0.84	0.84	0.93	0.94	-0.49	0.81	0.96	0.86	-0.81	-0.87	0.76	0.78	0.99	-0.23	0.95	-0.86	0.78	0.95		0.9	0.76	-0.82	0.98	-0.8	0.78
Common Stock Total Equity	0.95	-0.92	0.97	0.97	0.94	-0.62	0.91	0.77	0.8	-0.92	-0.97	0.64	0.9	0.84	-0.41	0.95	-0.92	0.9	0.95	0.9		0.8	-0.89	0.84	-0.92	0.81
Common Stock Shares Outstanding	0.81	-0.87	0.82	0.74	0.81	-0.74	0.85	0.62	0.43	-0.86	-0.83	0.69	0.82	0.67	-0.76	0.74	-0.87	0.82	0.78	0.76	0.8		-0.87	0.69	-0.83	0.76
Non Current Liabilities Total	-0.91	1.0	-0.81	-0.79	-0.92	0.83	-0.97	-0.7	-0.55	0.98	0.94	-0.84	-0.94	-0.75	0.53	-0.87	0.99	-0.94	-0.78	-0.82	-0.89	-0.87		-0.76	0.88	-0.92
Capital Lease Obligations	0.95	-0.79	0.76	0.87	0.93	-0.37	0.79	0.99	0.82	-0.77	-0.78	0.81	0.76	0.96	-0.2	0.94	-0.81	0.76	0.91	0.98	0.84	0.69	-0.76		-0.67	0.8
Inventory	-0.83	0.89	-0.92	-0.87	-0.81	0.82	-0.81	-0.6	-0.67	0.84	0.98	-0.52	-0.77	-0.75	0.42	-0.8	0.87	-0.77	-0.84	-0.8	-0.92	-0.83	0.88	-0.67		-0.67
Other Current Assets	0.9	-0.93	0.71	0.72	0.94	-0.6	0.97	0.74	0.5	-0.96	-0.8	0.93	0.96	0.7	-0.52	0.88	-0.94	0.96	0.73	0.78	0.81	0.76	-0.92	0.8	-0.67

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Certara Account Relationship Matchups

Certara fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	1.3B	1.5B	1.6B	1.6B	1.5B
Short Long Term Debt Total	401.4M	299.4M	303.0M	308.1M	298.2M	269.1M
Other Current Liab	27.6M	33.3M	36.3M	35.4M	61.2M	39.1M
Total Current Liabilities	63.0M	75.3M	92.2M	103.2M	130.0M	97.0M
Total Stockholder Equity	492.0M	822.1M	1.0B	1.1B	1.0B	912.1M
Other Liab	83.3M	76.4M	77.7M	90.0M	81.0M	66.5M
Net Tangible Assets	(450.9M)	(92.9M)	(173.3M)	(124.9M)	(143.6M)	(150.8M)
Property Plant And Equipment Net	4.6M	3.9M	15.6M	16.8M	12.3M	10.7M
Current Deferred Revenue	26.2M	30.7M	45.5M	52.2M	60.7M	46.3M
Net Debt	372.1M	28.0M	117.2M	71.5M	63.2M	60.1M
Retained Earnings	(12.9M)	(62.3M)	(75.6M)	(60.9M)	(116.2M)	(110.4M)
Accounts Payable	4.9M	6.4M	7.5M	7.5M	5.2M	6.7M
Cash	29.3M	271.4M	185.8M	236.6M	235.0M	177.8M
Non Current Assets Total	949.5M	922.8M	1.2B	1.2B	1.2B	1.2B
Non Currrent Assets Other	1.1M	1.2M	2.2M	1.9M	1.9M	1.9M
Other Assets	1.9M	3.9M	6.2M	5.6M	6.4M	4.3M
Long Term Debt	397.1M	294.1M	291.7M	290.0M	288.2M	262.1M
Cash And Short Term Investments	29.3M	271.4M	185.8M	236.6M	235.0M	177.8M
Net Receivables	52.4M	54.1M	69.6M	82.6M	93.3M	73.6M
Good Will	515.0M	518.6M	703.4M	717.7M	716.3M	675.6M
Common Stock Shares Outstanding	157.3M	153.0M	149.8M	159.4M	158.9M	167.0M
Liabilities And Stockholders Equity	1.0B	1.3B	1.5B	1.6B	1.6B	1.5B
Non Current Liabilities Total	482.0M	371.9M	377.7M	390.1M	386.3M	333.5M
Capital Lease Obligations	48K	593K	13.6M	15.1M	11.3M	7.5M
Inventory	4.3M	1.9M	827K	3.1M	(4.5M)	(4.2M)
Other Current Assets	1.6M	19.2M	18.5M	20.0M	12.0M	13.4M
Other Stockholder Equity	509.2M	884.5M	1.1B	1.1B	1.2B	978.5M
Total Liab	545.0M	447.3M	469.9M	493.3M	516.3M	404.1M
Net Invested Capital	893.4M	1.1B	1.3B	1.4B	1.3B	1.3B
Property Plant And Equipment Gross	4.6M	3.9M	15.6M	16.8M	18.9M	12.0M
Total Current Assets	87.5M	346.6M	274.7M	342.3M	340.2M	267.7M
Accumulated Other Comprehensive Income	(5.5M)	(1.6M)	(3.9M)	(8.2M)	(7.6M)	(8.0M)
Net Working Capital	24.5M	271.2M	182.5M	239.1M	210.2M	170.7M
Intangible Assets	428.0M	396.4M	511.8M	486.8M	487.0M	507.8M
Property Plant Equipment	4.6M	3.9M	15.6M	2.4M	2.8M	2.6M

Pair Trading with Certara

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Certara position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Certara will appreciate offsetting losses from the drop in the long position's value.

Moving together with Certara Stock

0.68

Definitive Healthcare

Pair Corr

The ability to find closely correlated positions to Certara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Certara when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Certara - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Certara to buy it.

The correlation of Certara is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Certara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Certara moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Certara can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Certara Stock Analysis

When running Certara's price analysis, check to measure Certara's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Certara is operating at the current time. Most of Certara's value examination focuses on studying past and present price action to predict the probability of Certara's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Certara's price. Additionally, you may evaluate how the addition of Certara to your portfolios can decrease your overall portfolio volatility.

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