Aspen Technology Inc (AZPN)

Aspen Technology Inc has consistently maintained a debt-free financial structure over the past three years, as indicated by the debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio all being 0.00 for each respective year. This implies that the company has not utilized debt to finance its operations or investments during this period.

The financial leverage ratio, which measures the proportion of total assets that are financed by debt, has shown a slight decrease from 1.14 in 2022 to 1.10 in 2024. Despite this decrease, the company's financial leverage remains relatively low, indicating a conservative approach to capital structure management.

Overall, Aspen Technology Inc's solvency ratios reflect a strong financial position with minimal reliance on external debt for its operations, suggesting a sound financial health and stability.

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Coverage ratios

Based on the data provided, Aspen Technology Inc did not report specific interest coverage figures for the fiscal years ending on June 30, 2024 and June 30, 2023. However, in the previous fiscal year ending on June 30, 2022, the company's interest coverage ratio was 6.37.

The interest coverage ratio of 6.37 in 2022 suggests that Aspen Technology Inc was able to cover its interest expenses approximately 6.37 times with its operating income during that period. This indicates that the company had a strong ability to meet its interest obligations from its operational earnings, which is generally viewed positively by investors and creditors as it reflects the company's financial stability and ability to manage debt effectively.

Given the absence of specific interest coverage figures for the subsequent years, it is advisable to monitor the company's performance in the upcoming periods to assess any potential changes in its ability to cover interest payments and manage its debt obligations effectively.