ANSYS Inc (ANSS)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,049,570	1,664,120	1,638,570	1,719,240	1,555,480
Total current liabilities	US$ in thousands	889,294	794,836	778,492	728,825	695,140
Current ratio		2.30	2.09	2.10	2.36	2.24

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,049,570K ÷ $889,294K
= 2.30

The current ratio of Ansys Inc. has exhibited some fluctuations over the past five years. At the end of 2023, the current ratio stood at 2.30, showing an improvement compared to the previous year's ratio of 2.09. This indicates that the company's current assets were 2.30 times its current liabilities, suggesting a sufficient level of liquidity to cover short-term obligations.

Compared to the ratios in 2021 and 2022, the current ratio at the end of 2023 was slightly higher at 2.30. This implies that Ansys Inc. had a stronger liquidity position at the end of 2023 than in the two preceding years. However, the current ratio was lower than the ratio at the end of 2020, which was 2.36, indicating a slight decrease in liquidity from the previous year.

Despite these fluctuations, the current ratio of Ansys Inc. has generally remained above 2 over the past five years, reflecting a healthy liquidity position and the company's ability to meet its short-term obligations comfortably. It is important to continue monitoring this ratio to ensure that the company maintains an optimal balance between current assets and current liabilities to support its ongoing operations and growth initiatives.