Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc EBITDA Coverage Ratio 3 year CAGR for the quarter ending June 30, 2023: -52.60%

Aspen Technology Inc EBITDA Coverage Ratio 3 year CAGR is -52.60% for the quarter ending June 30, 2023, a -278.17% change year over year. The EBITDA Coverage Ratio measures a company's ability to cover its interest expenses with its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). It indicates the company's capacity to meet interest obligations from its operational earnings. A higher ratio suggests better coverage and financial stability, indicating that the company generates sufficient cash flow to cover its interest expenses. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Aspen Technology Inc EBITDA Coverage Ratio for the quarter ending March 31, 2023 was 12.95, a -77.92% change year over year.
Aspen Technology Inc EBITDA Coverage Ratio for the quarter ending March 31, 2022 was 58.68, a 9.67% change year over year.
Aspen Technology Inc EBITDA Coverage Ratio for the quarter ending March 31, 2021 was 53.51, a 217.80% change year over year.
Aspen Technology Inc EBITDA Coverage Ratio for the quarter ending March 31, 2020 was 16.84, a -50.32% change year over year.

NASDAQ: AZPN

Aspen Technology Inc

CEO	Mr. Antonio J. Pietri
IPO Date	Oct. 25, 1994
Location	United States
Headquarters	20 Crosby Drive, Bedford, MA, United States, 01730
Employees	3,900
Sector	Technology
Industry	Software - application

Description

Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas exploration and production; oil and gas processing and distribution; and oil and gas refining and marketing, as well as bulk and specialty chemicals, engineering and construction, power and utilities, metals and mining, and pharmaceuticals. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts. Aspen Technology, Inc. operates as a subsidiary of EMR Worldwide Inc.

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