Aspen Technology Inc

NASDAQ AZPN

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Aspen Technology Inc Interest Expense To Sales 3 year CAGR for the quarter ending June 30, 2023: 81.68%

Aspen Technology Inc Interest Expense To Sales 3 year CAGR is 81.68% for the quarter ending June 30, 2023, a 1,163.34% change year over year. The interest expense to sales ratio is a financial metric that represents the proportion of a company's revenue that is used to cover its interest expenses. It is calculated by dividing the company's interest expense by its total revenue. This ratio indicates the financial burden of interest payments on the company's operating income. A higher ratio suggests that a significant portion of the company's revenue is being used to service interest obligations, potentially affecting its profitability. 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 Expense To Sales for the quarter ending March 31, 2023 was 3.11%, a 271.33% change year over year.
Aspen Technology Inc Interest Expense To Sales for the quarter ending March 31, 2022 was 0.84%, a -8.87% change year over year.
Aspen Technology Inc Interest Expense To Sales for the quarter ending March 31, 2021 was 0.92%, a -62.18% change year over year.
Aspen Technology Inc Interest Expense To Sales for the quarter ending March 31, 2020 was 2.43%, a 52.96% 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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