ANSYS Inc (ANSS)

Financial leverage 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
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
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
Financial leverage ratio		1.36	1.33	1.34	1.36	1.37	1.36	1.37	1.39	1.41	1.38	1.39	1.41	1.45	1.35	1.36	1.37	1.40	1.23	1.25	1.26

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,322,880K ÷ $5,390,360K
= 1.36

The financial leverage ratio of Ansys Inc. has been relatively stable over the past eight quarters, ranging from 1.33 to 1.39. The ratio indicates that Ansys Inc. relies on a moderate level of financial leverage to support its operations and growth. A financial leverage ratio above 1 suggests that the company has more debt than equity in its capital structure.

Although the ratio has fluctuated slightly, it has generally remained within a narrow range, indicating a consistent approach to managing the company's capital structure. Investors and analysts may view this stable financial leverage ratio positively as it suggests that Ansys Inc. is maintaining a balanced mix of debt and equity financing.

It is essential for Ansys Inc. to monitor its financial leverage ratio closely to ensure it remains at an optimal level that supports the company's growth objectives while also managing financial risks effectively. Overall, based on the historical trend of the financial leverage ratio, Ansys Inc. appears to have a prudent approach to its capital structure management.