Aspen Technology Inc (AZPN)

Debt-to-assets ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	14,071,700	14,109,400	14,227,800	14,240,700	14,486,100	14,566,900	14,900,700	14,971,400	14,969,900	0
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	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

Aspen Technology Inc has consistently maintained a debt-to-assets ratio of 0.00 over the past ten quarters. This indicates that the company has not utilized debt financing to support its operations or growth during this period. A debt-to-assets ratio of 0.00 suggests that the company has funded its assets entirely through equity, which can be viewed positively as it implies lower financial risk and greater financial stability. However, it is important to note that a zero debt-to-assets ratio may also indicate missed opportunities for leveraging debt to potentially enhance returns on equity. Overall, the sustained low debt-to-assets ratio demonstrates Aspen Technology Inc's conservative approach to capital structure and financial management.