ANSYS Inc (ANSS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 1,030,600 | 886,630 | 789,250 | 717,223 | 569,192 |
| Total current liabilities | US$ in thousands | 941,184 | 889,294 | 794,836 | 778,492 | 728,825 |
| Quick ratio | 2.69 | 1.96 | 1.77 | 1.78 | 2.03 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,446,740K
+ $50,774K
+ $1,030,600K)
÷ $941,184K
= 2.69
The quick ratio of ANSYS Inc has shown a fluctuating trend over the five-year period from 2020 to 2024. Starting at 2.03 in 2020, the quick ratio decreased to 1.78 by the end of 2021, and further declined slightly to 1.77 by the end of 2022. However, there was a notable improvement in 2023 when the quick ratio increased to 1.96. The most significant change occurred in 2024, with the quick ratio surging to 2.69, indicating a substantial increase in liquidity. Overall, the company's ability to meet its short-term obligations improved significantly in 2024 compared to the previous years, as reflected by the higher quick ratio.
Peer comparison
Dec 31, 2024