ANSYS Inc (ANSS)

Solvency ratios

	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
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
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
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
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

The solvency ratios of Ansys Inc. indicate the company's ability to meet its long-term financial obligations and the extent to which it relies on debt to fund its operations.

The Debt-to-assets ratio, which measures the proportion of the company's assets financed by debt, has been relatively stable over the past eight quarters, ranging from 0.10 to 0.12. This suggests that Ansys Inc. has a conservative level of debt in relation to its total assets.

The Debt-to-capital ratio, reflecting the proportion of the company's capital structure financed by debt, has shown a similar trend to the Debt-to-assets ratio, with values ranging from 0.12 to 0.14. This ratio indicates that Ansys Inc. relies moderately on debt to fund its operations.

The Debt-to-equity ratio, which evaluates the extent to which the company is leveraged through debt in relation to shareholders' equity, has remained relatively stable between 0.14 and 0.17. This indicates that Ansys Inc. maintains a reasonable balance between debt and equity in financing its operations.

The Financial leverage ratio, which assesses the company's overall leverage position, has fluctuated slightly over the past eight quarters but generally remained within the range of 1.33 to 1.39. This suggests that Ansys Inc. has a moderate level of financial leverage, indicating a balanced capital structure.

Overall, based on the solvency ratios analyzed, Ansys Inc. appears to have a conservative debt structure and a reasonable level of leverage, suggesting a solid financial position and the ability to meet its long-term obligations.

Coverage ratios

	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
Interest coverage	13.56	13.00	16.46	21.26	26.32	34.61	41.49	46.26	42.54	45.71	48.91	48.71	45.95	37.81	45.75	66.12	151.99	923.23	1,558.66	172.57

Ansys Inc.'s interest coverage ratio has demonstrated a generally strong and consistent trend over the past 8 quarters, indicating the company's ability to meet its interest obligations from its operating profits. The interest coverage ratio has ranged from 22.72 to 54.61 over this period, reflecting a healthy level of cushion for the company to cover its interest expenses.

The consistently high interest coverage ratios suggest that Ansys Inc. has a robust operating income relative to its interest expenses, demonstrating financial stability and a lower risk of defaulting on its debt obligations. This strong interest coverage ratio provides assurance to creditors and investors regarding the company's ability to service its debt obligations comfortably.

Overall, the trend of increasing interest coverage ratios over the past quarters indicates that Ansys Inc. has been effectively managing its interest expenses relative to its operating profits, which is a positive signal of the company's financial health and stability.