ANSYS Inc (ANSS)

Quick 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
Cash	US$ in thousands	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	872,094	732,684	631,455	607,391
Short-term investments	US$ in thousands	189	171	137	165	183	194	332	344	361	527	504	516	479	468	433	282	288	218	241	237
Receivables	US$ in thousands	886,630	711,070	751,695	668,221	789,250	634,018	613,877	582,700	717,223	505,776	495,543	454,165	569,192	424,508	391,106	383,761	460,151	328,511	335,949	268,526
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
Quick ratio		1.96	2.13	1.91	1.81	1.77	2.08	1.81	1.95	1.78	2.64	2.44	2.31	2.03	2.26	2.09	2.05	1.92	2.24	1.91	1.74

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($860,201K + $189K + $886,630K) ÷ $889,294K
= 1.96

The quick ratio of Ansys Inc. has shown a relatively stable trend over the past eight quarters, ranging between 2.09 and 2.43. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. Ansys Inc. consistently maintains a quick ratio above 1.0, indicating a strong ability to meet its short-term obligations using its liquid assets.

The highest quick ratio of 2.43 was observed in Q3 2023, suggesting that the company had a higher proportion of liquid assets compared to its short-term liabilities during that period. This may indicate strong financial health and liquidity. On the other hand, the lowest quick ratio of 2.09 was recorded in Q4 2022, although it still remained comfortably above the ideal threshold of 1.0.

Overall, Ansys Inc.'s quick ratio demonstrates a healthy liquidity position, as the company has consistently maintained a ratio well above the industry benchmark of 1.0. This signifies that Ansys Inc. is well-equipped to meet its short-term financial obligations without relying heavily on selling inventory or other less liquid assets.