Aspen Technology Inc (AZPN)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $12,812,900K
= 0.00

Aspen Technology Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past 10 consecutive quarters. This indicates that the company has not utilized any debt to finance its operations and has relied solely on equity for its capital structure during this period. A debt-to-equity ratio of 0.00 suggests a conservative financial policy, where the company may have low financial risk and a relatively stable position in terms of debt obligations. However, it is important to note that a zero debt-to-equity ratio may also limit the company's ability to leverage financial leverage for potential growth opportunities. Overall, Aspen Technology Inc's consistent debt-to-equity ratio of 0.00 reflects a deliberate financial strategy that prioritizes equity financing and minimizes reliance on debt.