ANSYS Inc (ANSS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 753,891 | 753,812 | 753,732 | 753,653 | 753,574 | 753,495 | 753,402 | 744,575 | 753,576 | 753,451 | 753,327 | 793,515 | 798,118 | 423,759 | 423,683 | 423,607 | 423,531 | — | — | — |
| Total assets | US$ in thousands | 7,322,880 | 6,673,520 | 6,605,250 | 6,480,930 | 6,687,940 | 6,161,640 | 6,118,580 | 6,053,180 | 6,324,310 | 5,974,750 | 5,890,770 | 5,818,030 | 5,940,590 | 4,846,300 | 4,671,870 | 4,526,080 | 4,838,890 | 3,582,010 | 3,512,840 | 3,372,260 |
| Debt-to-assets ratio | 0.10 | 0.11 | 0.11 | 0.12 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.13 | 0.09 | 0.09 | 0.09 | 0.09 | 0.00 | 0.00 | 0.00 |
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 been relatively stable over the past eight quarters, ranging between 0.10 to 0.12. This ratio indicates the proportion of the company's total debt relative to its total assets. A lower debt-to-assets ratio suggests that the company relies less on debt financing to fund its operations and investments, which can be viewed positively as it indicates a lower financial risk.
Ansys Inc.'s consistent debt-to-assets ratio around 0.11 indicates a balanced capital structure with a moderate level of debt compared to its assets. This suggests that the company has a solid financial position, with a reasonable amount of debt that is manageable and not overly burdensome. It also implies that Ansys Inc. is effectively utilizing its assets to generate revenue without taking on excessive debt.
Overall, Ansys Inc.'s stable debt-to-assets ratio provides confidence to investors and creditors regarding the company's financial health and ability to meet its debt obligations. It also indicates prudent financial management practices that contribute to the company's long-term sustainability and growth.
Peer comparison
Dec 31, 2023