Certara Capital Lease Obligations vs Good Will 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 Good Will 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 Good Will
Capital Lease Obligations vs Good Will 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 Good Will. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Certara's Capital Lease Obligations and Good Will is 0.98. Overlapping area represents the amount of variation of Capital Lease Obligations that can explain the historical movement of Good Will 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 Good Will 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 Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Capital Lease Obligations i.e., Certara's Capital Lease Obligations and Good Will go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
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.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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 |
Certara fundamental ratios Correlations
Click cells to compare fundamentals
Certara Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Certara Stock
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0.36 | LMAT | LeMaitre Vascular | PairCorr |
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.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.