Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc Interest Coverage Ratio 5 year CAGR for the Trailing 12 Months (TTM) ending June 30, 2023

Aspen Technology Inc Interest Coverage Ratio 5 year CAGR is NA for the Trailing 12 Months (TTM) ending June 30, 2023. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. 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 Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was -2.66, a -105.22% change year over year.
Aspen Technology Inc Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 50.91, a 2.76% change year over year.
Aspen Technology Inc Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 49.54, a 97.80% change year over year.
Aspen Technology Inc Interest Coverage Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was 25.05, a -16.01% 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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