Aspen Technology Inc (AZPN)

Debt-to-assets ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Long-term debt	US$ in thousands	—	—	—
Total assets	US$ in thousands	14,071,700	14,486,100	14,969,900
Debt-to-assets ratio		0.00	0.00	0.00

June 30, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $14,071,700K
= 0.00

The debt-to-assets ratio of Aspen Technology Inc has consistently been 0.00 over the past three years, including as of June 30, 2024, June 30, 2023, and June 30, 2022. This indicates that the company does not have any debt on its balance sheet in relation to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company is financing its operations without the use of debt and relies solely on equity to fund its activities. While being debt-free can be a positive signal of financial strength and stability, it may also imply missed opportunities for leveraging debt financing for potential growth or expansion. Further analysis of the company's capital structure and financial strategy would provide additional insights into its overall financial health and risk management practices.