ANSYS Inc (ANSS)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	US$ in thousands	1,446,740	1,246,060	1,098,960	1,050,510	860,201	639,342	477,875	507,689	614,391	632,509	517,303	657,421	667,667	1,080,840	957,704	987,427	912,672	844,741	744,546	717,748
Short-term investments	US$ in thousands	50,774	49,212	20,314	20,100	189	171	137	165	183	194	332	344	361	527	504	516	479	468	433	282
Total current liabilities	US$ in thousands	941,184	754,490	708,742	706,574	889,294	634,431	643,837	650,915	794,836	609,690	624,699	634,620	778,492	600,431	595,385	624,047	728,825	561,847	543,806	537,142
Cash ratio		1.59	1.72	1.58	1.52	0.97	1.01	0.74	0.78	0.77	1.04	0.83	1.04	0.86	1.80	1.61	1.58	1.25	1.50	1.37	1.34

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 for ANSYS Inc has fluctuated over the past few years, indicating changes in the company's liquidity position. The cash ratio measures the ability of a company to cover its short-term liabilities with its available cash and cash equivalents.

From March 31, 2020, to September 30, 2021, the cash ratio steadily increased from 1.34 to 1.80, which suggests ANSYS Inc had a strong ability to meet its short-term obligations with its cash holdings during this period. However, there was a significant decline in the cash ratio to 0.86 by December 31, 2021, indicating a potential decrease in liquidity.

Subsequently, the cash ratio fluctuated between 0.77 and 1.72 from December 31, 2021, to September 30, 2024. These fluctuations may indicate changes in the company's cash position and short-term obligations. The cash ratios above 1 indicate that ANSYS Inc had more cash and cash equivalents than short-term liabilities during those periods.

Overall, a high and increasing cash ratio suggests a strong liquidity position, while a declining or low ratio may raise concerns about the company's ability to meet its short-term obligations. ANSYS Inc should monitor its cash position and maintain a balance between liquidity and investment in growth opportunities.