ANSYS Inc (ANSS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	5,390,360	5,006,800	4,914,410	4,782,160	4,865,850	4,543,680	4,452,760	4,363,950	4,484,050	4,339,240	4,250,220	4,111,970	4,097,870	3,589,610	3,438,050	3,292,350	3,453,380	2,923,320	2,817,290	2,684,380
Debt-to-capital ratio		0.12	0.13	0.13	0.14	0.13	0.14	0.14	0.15	0.14	0.15	0.15	0.16	0.16	0.11	0.11	0.11	0.11	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $753,891K ÷ ($753,891K + $5,390,360K)
= 0.12

Ansys Inc.'s debt-to-capital ratio has remained relatively stable over the past eight quarters, fluctuating between 0.12 and 0.15. The ratio indicates the proportion of the company's capital that is funded by debt, with the remainder coming from equity.

The downward trend from Q1 2022 to Q4 2023 suggests that Ansys Inc. has been reducing its reliance on debt financing compared to its overall capital structure. This may indicate a conservative approach to managing the company's financial obligations and a focus on improving financial stability.

Overall, Ansys Inc.'s debt-to-capital ratio is at a moderate level, signaling a balanced mix of debt and equity in its capital structure. It is essential for the company to monitor this ratio to ensure it remains at an optimal level to support its growth and financial health.