Aspen Technology Inc (AZPN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	12,812,900	12,810,800	12,849,100	12,926,900	13,070,900	13,119,100	13,147,100	13,170,800	13,169,400	1,734,740
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	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

Aspen Technology Inc's debt-to-capital ratio has consistently remained at 0.00 over the past 10 quarters, indicating that the company has not used any debt to finance its operations relative to its total capital structure. This suggests that Aspen Technology Inc relies primarily on equity financing, which may indicate a low financial risk and potentially strong financial health in terms of solvency. However, it is important to consider that a low debt-to-capital ratio could also limit the company's ability to take advantage of potential leverage benefits. Overall, a sustained debt-to-capital ratio of 0.00 may reflect Aspen Technology Inc's cautious approach to managing its capital structure.