Altair Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Altair Engineering has a total shareholder equity of $836.9M and total debt of $226.8M, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are $1.4B and $541.0M respectively. Altair Engineering's EBIT is $30.7M making its interest coverage ratio -1.8. It has cash and short-term investments of $513.4M.
Key information
27.1%
Debt to equity ratio
US$226.81m
Debt
| Interest coverage ratio | -1.8x |
| Cash | US$513.37m |
| Equity | US$836.90m |
| Total liabilities | US$540.97m |
| Total assets | US$1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8A2's short term assets ($687.0M) exceed its short term liabilities ($210.1M).
Long Term Liabilities: 8A2's short term assets ($687.0M) exceed its long term liabilities ($330.9M).
Debt to Equity History and Analysis
Debt Level: 8A2 has more cash than its total debt.
Reducing Debt: 8A2's debt to equity ratio has reduced from 50.9% to 27.1% over the past 5 years.
Debt Coverage: 8A2's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 8A2 earns more interest than it pays, so coverage of interest payments is not a concern.