Aspen Technology Inc (AZPN)
Debt-to-capital ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — |
| Total stockholders’ equity | US$ in thousands | 12,812,900 | 13,070,900 | 13,169,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 |
June 30, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $12,812,900K)
= 0.00
The debt-to-capital ratio of Aspen Technology Inc has remained consistently at 0.00 for the past three years, including the latest data as of June 30, 2024. This indicates that the company has not used any debt to finance its operations and investments, relying entirely on equity financing. A debt-to-capital ratio of 0.00 suggests that Aspen Technology Inc has a strong capital structure with no financial leverage, which can be beneficial in terms of financial stability and lower risk of default. However, it is important to note that a zero debt-to-capital ratio may also imply missed opportunities for leveraging debt for potential growth or tax benefits. Overall, Aspen Technology Inc's financial strategy appears to prioritize a debt-free approach to capital structure, which may align with its risk management and financial objectives.
Peer comparison
Jun 30, 2024