ANSYS Inc (ANSS)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,049,570	1,542,500	1,414,240	1,384,080	1,664,120	1,449,880	1,327,220	1,449,880	1,638,570	1,756,680	1,622,360	1,660,950	1,719,240	1,458,720	1,294,260	1,290,700	1,555,480	1,206,230	1,133,340	1,062,810
Total current liabilities	US$ in thousands	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	695,140	473,830	505,666	503,410
Current ratio		2.30	2.43	2.20	2.13	2.09	2.38	2.12	2.28	2.10	2.93	2.72	2.66	2.36	2.60	2.38	2.40	2.24	2.55	2.24	2.11

December 31, 2023 calculation

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

Ansys Inc.'s current ratio has exhibited fluctuations over the past eight quarters. The current ratio, a measure of a company's ability to cover its short-term liabilities with its current assets, was highest in Q3 2023 at 2.43 and lowest in Q1 2023 at 2.13.

Generally, a current ratio above 1 indicates that a company can cover its short-term obligations, with higher ratios suggesting a stronger liquidity position. Ansys Inc.'s current ratio has been consistently above 2 in most quarters, indicating a healthy liquidity position and the company's ability to meet its short-term financial obligations comfortably.

The slight fluctuations in the current ratio may indicate changes in the company's working capital management or variations in the composition of current assets and liabilities. Investors and analysts typically monitor trends in the current ratio to assess a company's short-term liquidity and financial stability. Overall, Ansys Inc.'s current ratio suggests a strong liquidity position, which may help in supporting the company's operations and growth initiatives in the short term.