ANSYS Inc (ANSS)

Quick 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	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
Receivables	US$ in thousands	1,030,600	811,708	749,216	686,822	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
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
Quick ratio		2.69	2.79	2.64	2.49	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

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 fluctuations over the past few years. As of December 31, 2024, the quick ratio stands at 2.69, indicating the company has $2.69 in liquid assets available to cover each dollar of its current liabilities. This suggests a strong ability to meet short-term obligations using its most liquid assets.

However, it is important to note that the quick ratio has not been consistently increasing. There have been periods where the ratio decreased, such as in December 31, 2021, where it was at 1.78, and in December 31, 2022, where it decreased to 1.77. These declines may signal potential liquidity challenges or a less conservative approach to managing short-term obligations during those periods.

Overall, the current quick ratio trend for ANSYS Inc indicates a generally healthy liquidity position, with the ratio mostly above 2.0 in recent periods. However, it is essential for the company to monitor this ratio closely to ensure continued ability to meet its short-term liabilities efficiently.