ANSYS Inc (ANSS)

Debt-to-assets ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	753,891	753,574	753,576	798,118	423,531
Total assets	US$ in thousands	7,322,880	6,687,940	6,324,310	5,940,590	4,838,890
Debt-to-assets ratio		0.10	0.11	0.12	0.13	0.09

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $753,891K ÷ $7,322,880K
= 0.10

Ansys Inc.'s debt-to-assets ratio has shown a consistent decline from 2019 to 2023, indicating a decreasing reliance on debt to finance its assets. The ratio decreased from 0.10 in 2019 to 0.11 in 2022 before reaching 0.10 in 2023. This trend suggests that Ansys Inc. has been effectively managing its debt levels relative to its asset base over the years. A lower debt-to-assets ratio generally reflects a healthier financial position, as it indicates lower financial risk and greater financial stability. Ansys Inc.'s decreasing trend in the debt-to-assets ratio may point to prudent financial management practices, such as reducing debt levels or increasing asset value. It is essential to assess this ratio in conjunction with other financial metrics to gain a holistic understanding of Ansys Inc.'s overall financial health and leverage position.