Aspen Technology Inc (AZPN)

Quick ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Cash	US$ in thousands	236,970	241,209	449,725
Short-term investments	US$ in thousands	—	—	—
Receivables	US$ in thousands	115,533	122,789	127,968
Total current liabilities	US$ in thousands	337,401	352,427	300,936
Quick ratio		1.04	1.03	1.92

June 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($236,970K + $—K + $115,533K) ÷ $337,401K
= 1.04

The quick ratio of Aspen Technology Inc for the fiscal year ending June 30, 2024, stands at 1.04. This indicates that the company has $1.04 in liquid assets available to cover each dollar of its current liabilities. Compared to the quick ratio of 1.03 in the previous year, the company's liquidity position has slightly improved. However, it is worth noting that the quick ratio of 1.04 is lower than the quick ratio of 1.92 reported for the fiscal year ending June 30, 2022, suggesting a decrease in liquidity compared to two years ago. Overall, the company's quick ratio of 1.04 indicates that Aspen Technology Inc has an acceptable level of liquidity to meet its short-term obligations, although monitoring liquidity trends over time is prudent for assessing the company's financial health.