ANSYS Inc (ANSS)

Debt-to-equity 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-equity ratio		0.14	0.15	0.15	0.16	0.15	0.17	0.17	0.17	0.17	0.17	0.18	0.19	0.19	0.12	0.12	0.13	0.12	0.00	0.00	0.00

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $753,891K ÷ $5,390,360K
= 0.14

The debt-to-equity ratio of Ansys Inc. has been relatively stable over the past eight quarters, ranging between 0.14 and 0.17. This ratio indicates the proportion of a company's funding that comes from creditors versus shareholders. Ansys Inc.'s consistent low to moderate debt-to-equity ratio suggests a conservative financial structure, where the company relies more on equity financing rather than debt to fund its operations and growth. This could be viewed positively by investors and creditors as it signifies lower financial risk and a stronger financial position. However, it's important to note that the optimal debt-to-equity ratio can vary by industry and company size, so it's essential to compare this ratio with industry peers for a more comprehensive assessment. Overall, Ansys Inc.'s stable and relatively low debt-to-equity ratio indicates a prudent capital structure and financial management strategy.