ANSYS Inc (ANSS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,446,740 | 860,201 | 614,391 | 667,667 | 912,672 |
| Short-term investments | US$ in thousands | 50,774 | 189 | 183 | 361 | 479 |
| Total current liabilities | US$ in thousands | 941,184 | 889,294 | 794,836 | 778,492 | 728,825 |
| Cash ratio | 1.59 | 0.97 | 0.77 | 0.86 | 1.25 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,446,740K
+ $50,774K)
÷ $941,184K
= 1.59
The cash ratio of ANSYS Inc has been fluctuating over the past five years. It stood at 1.25 on December 31, 2020, indicating that the company had $1.25 in cash and cash equivalents for every $1 of current liabilities. However, the ratio decreased to 0.86 by December 31, 2021, suggesting a reduction in liquidity.
Further decline was observed by December 31, 2022, with the cash ratio dropping to 0.77, signaling a potential liquidity strain. However, there was a slight improvement by December 31, 2023, as the ratio increased to 0.97.
The most recent data point, December 31, 2024, shows a significant improvement in the cash ratio to 1.59, indicating that the company had strengthened its liquidity position by holding $1.59 in cash and cash equivalents for every $1 of current liabilities.
Overall, ANSYS Inc's cash ratio has shown varying trends over the years, with fluctuations that signal changes in the company's ability to meet its short-term obligations with its available cash resources. It is important for investors and stakeholders to monitor these changes closely to assess the company's financial health and liquidity position.
Peer comparison
Dec 31, 2024